Q. Who are the OEA – The Ombudsman for Estate Agents? And what is their role?
A. The Ombudsman for Estate Agents (OEA) Scheme was established on the 1st January 1998. The body offers an independent service for the resolution of disputes between member agencies and buyers, sellers, tenants or landlords of residential property in the UK. The scheme is also approved under the Housing Act 2004 as a redress scheme in relation to Home Information Pack disputes. The Ombudsman is entirely independent of member agencies and he reports to an independent Council. He provides a fair and impartial resolution of disputes which fall within his terms of reference. Resolutions are designed to achieve a full and final settlement to the dispute and the Ombudsman can, where appropriate make an award of financial compensation up to £25,000. The Ombudsman will not normally review a case until the internal complaints procedure of the member Agent has been exhausted. The service is free to complainants. To date membership of the scheme now stands at 5,683 firms operating out 12,672 offices.