Greycoat specialists comment about fraudulent scams from other agencies. Real estate agents and companies are one of the last industries that do not have a formal certification process, which allows charlatans to con people by making a claim that is unable to be backed up.
Companies like Greycoat Real Estate agency are harmed by these people and it undermines the trust in the industry that is needed so people know their expertise is real. There is a movement forward now to get a formal certification process for both agents and companies so that regular consumers can find those they can trust with their needs and not think they may get scammed.
It is a problem with too many solutions, Greycoat shares. Most people who are not part of the real estate industry may not be aware that formal certifications do not exist, just ones that can be obtained from respected groups that provide education to agents.
While companies like Greycoat make sure that their agents get this education and certifications, anyone can do the same. A more formal process will mean that even though someone gets the education, they have to prove themselves to get the industry wide paperwork.
Overall, wide paperwork that shows they are trustworthy. People have lost their homes and life savings with scam artists who knew how to talk and look the right way. As Greycoat finally states, legitimate companies welcome the process to weed out such scam artists.