subject: Estate Agents in Bath [print this page] The term estate agent originally referred to a person responsible for managing a landed estate, someone buying or selling homes would have been known as a "House Agents", and those selling land were "Land Agents". In the 20th century, "Estate Agent" started to be used as a generic term.
These days an estate agent is a person or business that arranges the selling, renting or management of property. The Estate Agents main job is the marketing of property for sale.
In the United Kingdom, residential Estate Agents are regulated by the Estate Agents Act 1979 and the Property Misdescriptions Act 1991, as well as, the more recently enacted Consumers, Estate Agents and Redress Act 2007
It's vital for an estate agent to know their community and local factors that can increase or decrease property prices. For examplean Estate Agents in Bathwould need toknow if anew road or airport was to be built this would be likely to blight houses nearby. Equally, and Estate Agent in Bath would know that the new shopping centre in Bath can enhance property prices. It is the job of the estate agent to value the property to get the best price for their customer.
Research conducted in 2007 discovered that the most effective way of selling property is via 'For Sale' signs. Searching for houses via the internet came in a close second, with newspapers third. The fourth most effective way, and the most traditional, was customers visiting an estate agent's office. However now in 2010 80/90% of properties are found via the internet and estate agents see less people walking into their offices. For Sale Boards are still very effective.
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