Buyers and sellers as well as landlords and tenants are presently more knowledgeable and sophisticated about their property and the living environment. Estate agents therefore need to be competent and proficient in their work as well as be equipped with the necessary knowledge and skills when advising on property transactions. When an agent is accredited, it means he/she has met the basic competency standards set by the accreditation body for the industry. At the same time, he/she has to abide by a professional code of conduct and practice prescribed by the accreditation body. Accreditation is the mark of professional business practice and it will be characteristic of career agents in future.