CEPI asbl (Conseil européen des Professions immobilières), CEAB asbl (Confédération européenne des Administrateurs de Biens: property managers), EPAG asbl (European Property Agents Group)

Summary of the initiative

Name
CEPI asbl (Conseil européen des Professions immobilières), CEAB asbl (Confédération européenne des Administrateurs de Biens: property managers), EPAG asbl (European Property Agents Group)
Objective(s)
To guarantee a basic level of education for all European real estate professionals.

Description of the Initiative

    Sector

    Sector

    Contact Point - Commission
    GROW E1

    Self/Co-Regulation Basic Act

    PRIVATE ACT
    Year
    2005
    Title of Act
    Minimum education requirements for real estate agents and real estate managers
    Review, Revision or Sunset Clause Year
    2010

    Geographical Coverage

    Participating Countries
    Austria

    Description

    Problems that lead to the introduction of Self/Co-Regulation and the adoption of the Founding Act
    In some countries, there are more or less educational requirements, in some of them, there are none. Therefore the activities of property agents and managers require increasingly more rigour, professionalism, in-depth knowledge in areas as varied as law, taxation, insurance, economics, accounting, building technologies, sociology, financing mechanisms, information technology, town planning, regional planning, etc. Furthermore, this knowledge must be constantly updated by continuing training. As a result, a non-negligible number of players in the property sector may not have all the guarantees needed to protect the consumer.
    Target Group(s)
    Real estate professionals (real estate agents and real estate managers).
    Type of Financing
    -
    Type of Monitoring
    Conduct an initial survey of compliance capacity of future regulateesConduct regular visits and spot checksInitiate complaints proceduresMaintain database of those bounded by the normsProduce regular reportsReceive complaints and verify if norms were breached or notReflexive dialogue with the - stakeholdersOther
    European Commission
    National public authority
    International public authority
    Private regulator (code owner)yes
    Private independent party with a mandate (e.g. auditors)
    Self-appointed private parties (e.g. NGOs)
    Succinct description of the type of Monitoring
    -
    Type of Enforcement
    Faming, shaming and blamingJudicial sanctionsMembership suspension/exclusionPrivate finesOther
    Private Regulatoryes
    Private independent party with a mandate (e.g. auditors)
    Court system
    Alternative dispute resolution (ADR) / Online dispute resolution (ODR)
    Succinct description of the type of Enforcement
    The member associations that are a member of CEPI through CEAB and/or EPAG are in charge of organising either an education programme or a control of the diploma of the candidates to membership. CEPI has no direct responsibility towards the professionals.

    Results of Commission Monitoring

    Link / Reference of Evaluation
    -

    Downloads

    SMO self- and co-regulation database - private code 68