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Up until the 1st October if Enforcement agencies wanted to flex muscle they generally leafed the pages of the Property Misdescriptions Act 1991 . However this was repealed on 1 October 2013.
From now on if they wish to work out on an Estate Agent they will have to get to grips with both the Consumer Protection from Unfair Trading Regulations 2008 (CPR) and the Business Protection from Misleading Marketing Regulations 2008. A two for one arrangement as it were.
In order to assist them , and give those Estate Agents that they pursue a sporting chance to avoid becoming the mouse of the relationship , the OFT have issued guidance on property sales.
Key points are these;-
What you must do;-
To view the OFT guidelines click the link hereOFT Estate agents.
If you have any concerns regarding how these changes may affect your business documents please contact Kirsty McAuley on 01872 246 215 or email kirsty.mcauley@coodes.co.uk.
Chair & Partner
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