allAgents calls for estate agent trainers to stop the teaching of unscrupulous practices
allAgents calls for estate agent trainers to stop teaching unscrupulous practices, after it was found that at least one industry trainer advocates over-valuing as a deliberate strategy to win new instructions. This comes on the back of an allAgents report highlighting that only 55% of valuations are accurate
Martin McKenzie says “This is completely unacceptable and must be stopped. Up until now, it was thought that overvaluing to win instructions was simply a tactic by unethical agents, but the fact that valuers are being taught this as part of their training is quite simply wrong.
“The industry already has an unfavourable reputation with the public and hearing about these unprofessional practices simply helps reinforce this.
” Consumers should work with reputable agents that can provide comparable evidence to support their valuations. Consumers can also view statistics of previous valuation accuracy on their allAgents profile page.”