For sale by owner not sold through brokers each year (as of 2004). MSN Money suggests that 30% of homes are sold without using a real estate agent. More than half of the homes sold in Quebec are sold without an agent. In the UK, the average commission rate is significantly lower than in Canada or the US. Properties for sale by owner are less common. By law, all sales of property have to be supervised and handled by an independent solicitor who acts as a mediator and holds the buyer's money until the purchase process is finished. In Australia, the FSBO is still
Letting agent of their members. The English government also provides its own accrediting body for letting agents. This body is called NALS (National Assured Letting Scheme). See http://www.nalscheme.co.uk/whatis.htm In Scotland all landlords must be registered with the local authority. Whilst agents are not required to register, they are actively encouraged to do so. Letting agent A letting agent is a term for a facilitator through which an agreement is made between a landlord and tenant for the rental of a residential property. The term is common in countries using British English, including countries of the Commonwealth. In the UK, Australia and New