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Estate agent bodies merge. Monday, September 03, 2007
The National Association of Estate Agents (NAEA) and the Federation of Overseas Property Developers, Agents and Consultants (FOPDAC) have signed a formal agreement this week to merge FOPDAC with the international section of the NAEA.
The new name is to be ‘NAEA International incorporating FOPDAC’. Both the NAEA and FOPDAC are long established in the field of international estate agency, and work to improve the standards of those working in this specialised field. Anyone who has had dealings with overseas estate agents will know how important this is.
The two organisations are both members of the European Confederation of Estate Agents (CEI) and worked together in 2005 to bring about the introduction of a new International Code of Practice, which has since been accepted by the 40,000 estate agent members of the CEI.
‘This is a significant step for both organisations and I am delighted that we are now joining forces in this way,’ said Ian Tonge, chairman of the NAEA International working group.
’Members and consumers will be able to benefit from the combined knowledge and experience of both the NAEA and FOPDAC. Through this partnership we hope to make a further, positive difference in the international property arena.’
’After working for so many years to achieve the goal of both organisations making a positive move towards giving the clients ‘peace of mind’ when purchasing through a registered agent, Geoff Pilgrem the original Founder of FOPDAC in 1973 would be proud of the progress that has been made in the International market place,’ commented Des Rowson, committee member for FOPDAC.
Keith Baker, legal advisor for FOPDAC: said, ‘I have worked with FOPDAC for 30 years but I am keenly looking forward to implementing the ambitious goals being set by the new combined team. This has been a very easy merger to negotiate as it rapidly became apparent how close our philosophies were.’
’This is an important occasion in the history of both organisations as the NAEA and FOPDAC are brought together. We have no doubt that this will prove a highly beneficial union for both consumers and the industry over the years to come,’ added Peter Bolton King, chief executive of the NAEA.
Story from citywire.co.uk