Propertymark, combining both the National Association of Estate Agents and the Association of Residential Letting Agents, claims to speak for the industry.
Yet it’s estimated that only 25 per cent of estate agents are members of the NAEA and some 50 per cent of letting agency branches are in ARLA.
Why that is the case is the question put today to the new Propertymark chief executive Tim Balcon by leading industry consultant Chris Watkin.
In a video interview exclusively on Estate Agent Today, Balcon explains why he believes membership is currently at that level and how increased transparency in the industry - particularly if the Regulation of Property Agents recommendations on training are implemented - will drive agents into the NAEA.
Balcon believes estate agency will increasingly become a profession - not simply a job - and the business, training and managerial skills required by those in the industry are precisely what Propertymark will be able to offer.
The interview also talks money - the huge sum which Propertymark takes in each year, and the allegations surrounding Balcon’s own salary as CEO.
It’s a fascinating seven minute no-holds-barred piece - the first of several video interviews with Balcon which will be on Estate Agent Today and Letting Agent Today during the coming week.
Our thanks to Chris Watkin for sharing it with our readers - you can see the video below.