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Question: What is the difference between the Estate Agency Affairs Board and the Institute of Estate Agents?  

  FAQ Date :2 Dec 2010

Answer:

The two organisations are often confused with each other.  However, they're quite different.

The IEASA is a private organisation that promotes the interests of its members and the profession (but still cares about the consumer) — the EAAB is a government body which regulates the estate agency profession in the interests of the consumer.



  • Membership of the IEASA is voluntary — but by law, all estate agents must register with the EAAB.

  • The IEASA provides a variety of benefits to its members — the EAAB doesn't provide any services to estate agents.

  • The IEASA provides a dispute resolution service to its members — the EAAB does not intervene in disputes between estate agents.

  • The IEASA has no power to deal with consumer complaints against estate agents — the EAAB has disciplinary powers and can fine or disbar estate agents for unethical conduct.


For details on the differences and contact details for the EAAB click here



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