In recent years, the Latvian real estate market has picked up considerably - an increase not only t

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News articles in the Latvian Real Estate Association: No governmental irrational exuberance regulation will be difficult irrational exuberance to arrange the real estate market in the Latvian Real Estate Association: No governmental regulation will be difficult to arrange the real estate market
In recent years, the Latvian real estate market has picked up considerably - an increase not only the number but also the brokers who offer their services. However, estate agents in our country is not regulated, and is currently in the industry can act as both a high-level professionals and anyone who wants it. As shown by the experience of other countries in developing a mechanism for real estate agents to regulate irrational exuberance the activities would be organized sector and significantly reduces the shadow economy. Agents involved in the real estate market is heavily regulated, not only in the U.S. and Canada, but also in several European irrational exuberance countries, such as Belgium, France, Italy, Sweden, Poland, United Kingdom. The European Union has already recognized that real estate agents work in a socially responsible, and therefore control is required. "Meanwhile, irrational exuberance the Latvian irrational exuberance does not require neither special knowledge or education," says Latvian Real Estate Association Certification Bureau Chief Andrew Walter. "The state determines only the material aspect of the market, but ignore the human factor in real estate irrational exuberance transactions irrational exuberance plays a dominant role." Today, just as twenty years ago, anyone who wants to can call themselves an agent and become a full-fledged professionals, thereby incurring any liability. That's the "professional" performance is seriously undermined the reputation of the profession and public confidence in sašķobījusi. "At the moment observed increase in the number of intermediaries in the property irrational exuberance market. They range from the real masters of our craft with many years experience in the industry, as well as beginners who have already received appropriate education and plan their professional life attributed to the real estate market. But there are also those who, seeing the interest of the clients on real estate Latvian want to settle fly ash and does not discuss the prospects for further two or three transactions. Such people of knowledge and lack of experience are often unable to provide customers with quality service and competent support operations, irrational exuberance "explains Andrew Walter. If the state decides to regulate irrational exuberance the activities of agents and set up the appropriate register, the Latvian real estate market will become much more transparent. Intermediaries irrational exuberance will have to follow the European standard BS EN 15733:2010 "real estate agents - Requirements for Real Estate Agents services' requirements Latvian has been in place since the 2010th year, and to take out insurance on his business. It is a standard that many are still ignored. Such a mechanism would allow real estate agents to arrange the work, make a healthier environment for professional clients and guarantee maximum safety and a high level of service.
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