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
Northwood (estate agent) Northwood (estate agent) Northwood is a network of letting and estate agents with over 85 offices across the UK dealing with residential property sales and letting. The first Northwood office was opened in Portsmouth in 1995 and, after the opening of a number of other branches, was turned into a national franchise operation in 1999. Offices are now located in cities across England, Scotland and Wales. The guaranteed rental scheme provides the landlord a guaranteed income irrespective of whether the tenant pays the rent or not and during any void periods. This service includes legal costs where possession is required.