UK commercial real estate agency
The UK commercial real estate agency is the definitive set of standards for all agents involved with sales, lettings and management of commercial property. The statement has the same status as an RICS professional statement and follow the workflow of an estate agent to set out mandatory requirements and recommended best practice guidelines.
These standards provide a summary of the relevant legislation that is expressed in terms applying to England and Wales. As a result, there are some generalisations. Those who require greater detail and/or terminology relevant to Scotland will need to refer to the Estate Agents Act 1979, the Property Misdescriptions Act 1991 and the Regulations and Orders themselves.
The UK commercial real estate agency PS is reviewed throughout the year and interim updates published online.