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Villas Valencia members of Fopdac
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LOOK FOR THE SQUARE DEAL SIGN |
| FOPDAC |
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The Federation of Overseas Property Developers,
Agents and Consultants was established in 1973 to unite those agents,
developers and specialist consultants active in the international
property markets whose common aim is to conduct their activities in a
manner which seeks to protect the interests of those who have decided to
purchase, or sell, a property overseas.
Membership of the Federation is
restricted to companies or individuals whose probity is beyond
reasonable question. The individual principals must have the experience
and professional expertise to meet the strict criteria set in the
Federation's Code of Ethics. The Committee of the Federation and its
members provide a valuable reservoir of many cumulative years of
experience in international property. |
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Buying Property Abroad?
Many thousands of Britons have bought and
own property in many parts of Europe and further afield. Even so, it is
a big step to take and you need to ensure that you have the best advice
available. As there is no statutory control over who can set up in the
overseas property business it remains risky simply choosing one of the
many advertisers from the pages of newspapers and magazines. You can
reduce the risks substantially by dealing only with a company which is a
member of
FOPDAC.
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Selling Property Abroad?
The importance of accurate valuation and
knowledge of the market cannot be overstated if you wish to succeed in
finding a buyer. All too often a vendor can lose out either by failing
to sell because the price is too high or by failing to achieve the best
price through asking too little. Today's buyers are more sophisticated
and better informed than they used to be and it takes considerable
negotiating skills to achieve sales.
FOPDAC members are experts in their chosen fields and
can advise you on matters relating to the sale of your property and will
offer a comprehensive service to attract potential buyers.

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The Standards Demanded
A summary of FOPDAC's Code of Ethics will best convey what is demanded
of all members: -
- Members shall make honesty
and integrity the standard in all their dealings with clients and
customers. They shall avoid misleading property descriptions,
concealment of pertinent information and exaggerations in advertising.
They shall not market property for specific purposes if that property
is not accessible and usable for such purposes.
- Members shall comply with
all financial and legal obligations relating to their transactions,
their clients or customers.
- Members shall use their best
endeavours to encourage developments with due consideration for open
space and proper environmental controls.
- Where Federation members
accept clients' monies for payment for land or property, they must
maintain a legally separate Clients Account which must be properly
conducted.
- Members shall report in
writing any violation of these bylaws, whether their own or of others,
whether members or not, to the Committee.
- Should the Federation
receive a complaint that a member has not acted in accordance with the
Code of Ethics then the Committee should decide that a member is in
default and he subsequently fails to rectify the matter as directed,
then the member would be liable to immediate expulsion.
- All agents must recommend to
a prospective purchaser that they seek independent legal advice in
order to effect their purchase. Such recommendation will be given
before any legally binding contract is entered into. If the
prospective purchaser asks the agent for the name of a person to
provide independent legal advice the agent should provide a choice of
names.
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WHY LEAVE IT TO CHANCE?
You have a wide and free
choice, your decisions are important because they concern your own and
your family's pleasure and the investment of a significant sum of money.
FOPDAC members can be recognised by our logo which they display on
literature, stationery and advertisements. Corporate members can also be
identified by a series of letters after their names; AFOPDAC for those
who have at least five years experience in the business and FFOPDAC for
those with ten or more years. |
FEDERATION OF OVERSEAS PROPERTY DEVELOPERS, AGENTS AND CONSULTANTS.
1st Floor, 618 Newmarket Road
Cambridge CB5 8LP
Tel: 0870 3501223
Fax: 0870 3501233
Contact FOPDAC
Villas
Valencia HOME -
CONTACT US |
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