The proper term and definition of an estate agent within the UK can be found on the Office of Fair Trading website were more information can be found aswell. Making sure that these regulations are put in place is also the responsibility of the OFT. In the United Kingdom, residential estate agents are managed by the Estate Agents Act 1979 and the Property Misdescriptions Act 1991, as well as the more recently accomplished Consumers, Estate Agents and Redress Act. For residential property, there is a trade association for estate agents, the National Association of Estate Agents (NAEA). NAEA members can be fined for breaches of their code of conduct. Their disciplinary method of actions to achieve result contain everything from cautions and warnings right through to more uncompromising penalties of up to £5,000 fines for each rule breached. A number of estate agents are members of the Royal Institution of Chartered Surveyors , the principal body for UK property professionals.
Real estate development, or Property Development, is a versatile business, including actions that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of better land or parcels to other people. Developers are the advisers of the activities, chaning ideas on paper into real life property. Real estate development is different from building, although many developers also construct. Developer Louis Lesser drew the distinction in a 1963 New York Times article, \"Developing is the key word. \'We don\'t build ourselves\', Mr. Lesser stresses. \'We buy the land, finance the deal, and then we have the most amazing builders build under bond at a certain cost. People buy land, finance real estate deals, build or have builders build plans, create, control and orchestrate the method of development from the beginning to end. Normally developers take the biggest risk when creating something, but come out with the best rewards.
Sir Winston Leonard Spencer-Churchill, 30 November 1874 24 January 1965, was a British Conservative politician and statesman known for his control of the United Kingdom during World War II. Known as one of the greatest wartime leaders of the century for certain decisions, he served as Prime Minister twice (1940-45 and 1951-55). A noted statesman and public speaker, Churchill was also an officer in the British Army, a historian, a writer, and an artist. Churchill is the only British prime minister to have received the Nobel Prize in Literature, and was the first person to be made an Honorary Citizen of the United States. Churchill was born into the upperclass family of the Dukes of Marlborough. His dad Lord Randolph Churchill, was a charming politician who served as Chancellor of the Exchequer; his mum Jenny Jerome, was an American socialite. As an army officer in his younger days, he saw action in British India, Sudan, and the Second Boer War. He also wrote books about his campaigns.