Property settlement without any doubt is extremely important to ensure smooth and unhindered transfer of property ownership from the seller to the buyer. However, it is very important to understand that there is a need to regulate the professionals who are a part of property settlement processes. This is because of the highly critical natural of their job. Any mistake or purposeful negligence or wrong information could lead to loss worth thousands of dollars to the sellers and buyers.
Hence any property settlement agent has to be above board and there is also a need to constantly monitor them at each and every stage. However, such monitoring is not policing but is more about checking the various processes and practices. As customers we have to bear in mind that there are literally a number of processes and steps that have to be gone through only after which the entire job of property Valuation can be deemed to be completed. This is not easy and that is the reason why nine out of ten customers always believe in handing over the entire assignment from start to end.
Hence there is no doubt that real estate property settlement and Melbourne Property Valuers agencies have a very important and significant role to play. They are supposed to act with accountability and responsibility. While there is no doubt that a majority of property settlement companies and even individuals are very accountable and responsible as far as their roles are concerned, there could be a few who might not be behaving the right way. Hence it is very important to ensure that there is a regulator who oversees the functioning of these professionals on a regular basis.
It is the same as regulation of bankers, insurance companies, telecom service providers and also direct selling companies in some countries. The role of these regulators is not to interfere in the day to day functioning of the property settlement companies. Their main role is to ensure that they are playing by the rule books and are always focused on improved customer services at all points in time. They use various parameters, tools and other methods to ensure that the Valuers at the end of the day are delivering on what they promise. They also ensure that the property settlement companies are performing their functions within the ambit of the law at all point in time. Hence, regulation of property consultants is very important and should become mandatory if not already done.