There are currently no mandatory requirements for estate agents in Jersey and anyone can become an agent.
The Association ensures its members follow best practice to safeguard consumers and promote a professional and ethical business practice.
The Jersey Estate Agents’ Association has been established since 1965 and provides support, advice and training to its members.
· Choose to be regulated
· Follow a code of practice – work with integrity
· Must have a complaints procedure
· Have Professional Indemnity Insurance
· Have Client Money Protection Insurance if handling client funds
· Be members of the Property Ombudsmen Scheme
· Carry out Continual Professional Development (CPD)
· Are encouraged to undertake professional qualifications
· Take a keen interest in the industry, regularly keeping up to date with any new legislation
There are 45 estate agents registered with the JFSC and currently only 14 agents are members of the JEAA. Agents who join the JEAA demonstrate that they are committed to making the industry a better place by undertaking CPD and upholding the values and adhering to a code of conduct set out by the Association.
The general entry requirements for Estate Agents in Jersey is currently to produce a business plan, submit it to the JFSC and register with the JFSC. In the UK, to become an Estate Agent, the agent must comply with the Estate Agents Act (1979)and the Estate Agents Regulations and Orders 1991 as well as Consumer Protection Legislation. These are much more stringent than Jersey requirements.
All JEAA members are also members of NAEA Propertymark and The Property Ombudsman Scheme(TPOs) and adhere to their strict codes of conduct.
All members hold the correct insurance and protection and are required to have an internal complaints process. This is to give you peace of mind during your property sale/ purchase process, and ensures if things do go wrong you will be protected.
The JEAA hold regular breakfast meetings with local speakers covering topical issues and also keep members up to date on legal and regulatory changes affecting the industry. As well as regular updates they also hold an annual property workshop with industry speakers from both the UK and Jersey, for all members to attend.
The JEAA members are encouraged to undertake professional training courses and examinations. The JEAA believes all front facing staff should complete Level 3 NAEAPropertymark examinations. This is in line with NAEA Propertymark’s recommendations to the UK Government with their Regulation of Property Agents Working Group (RoPA) initiative.
The JEAA work with the industry regulators and legislators to ensure that its members are fully conversant with the changing requirements of the JFSC with regard to anti money laundering and countering the financing of terrorism (AML/CFT) and other related legislation.
The JEAA promote professionalism in our industry and our members are extremely passionate about the local property market.