The term estate agent is used for a person who deals in purchase, sale, leasing and management of property. But originally, the word estate agent refers to a person who manages a landed property. And, also according to the latest categorisation, the people who deal with buying, selling or letting of houses are called housing agents and those of land are known as land agents. A fact which is common and prevails in regard to estate agents is that they are not trusted by the people. For a common man, they are just commission agents who take money from both sides. But another true fact is no one works free. The commission which they charge is the only income they have. The work of an estate agent includes the following procedure. It ranges from evaluating the property and deciding the estimated price which can be expected by the owner to preparing all the documentations and getting the property sold or letted out. UK govt. has made many regulations for estate agents to follow so that the clients can be protected against any type of fraud by unregistered estate agents.
Estate business in UK is on great heights these days. Anyone with good knowledge of property sales and management can become an estate agent. Estate agents are further categorized on the basis of the types of property managed by them. The first one are those who deal in management of commercial property like shops, and the second ones deal with property like houses and apartments. Another fact about the estate agents in West is that every estate agent has divided his area. Estate agent in Rochdale will only deal in the property for sale in Rochdale. He will not show any concern or interference with the estate agents in Manchester or estate agents in Birmingham.
Nowadays, the trend of online estate agents has been introduced. It acts as a substitute to the traditional approach of these agents when they used to charge the commission amount according to their own choice. It was in year 2000 that the fee structure for all the estate agents has been fixed. This has made it easier to find out a reliable estate agent on a nominal price. Also, wider choice has been facilitated to the clients depending upon their budget.