Code to stop estate agent cons.Byline: By GARY ANDERSON ESTATE agents are facing an urgent Government clampdown clamp·down n. An imposing of restrictions or controls: "Advertisers and broadcasters would raise howls of protest against any strong clampdown" Wall Street Journal. to bring an end to their dodgy scams. A report sent to Justice Minister Michael McDowell has recommended a new watchdog be set up, after years of complaints from fed-up house-buyers. And it condemned the present system as "outdated and inadequate". A new Auctioneers and Estate Agents Regulatory Authority would target: l DECEPTIVELY low guide prices. In June, a house in Chapelizod, sold for EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 905,000 after an agent quoted a price of EUR400,000, and GAZUMPING gazumping n → le fait de revenir sur une promesse de vente pour accepter un prix plus élevé , when sellers agree a price with a buyer, only to dump them and accept a higher bid later. The working group, chaired by former Bord Trachtala chief Alan McCarthy found there was no supervision or discipline in the industry and no comeback for buyers feeling ripped-off. At the moment, auctioneers and estate agents have their own code of conduct. |
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