07 September 2008
Department for Innovation, Universities and Skills (DIUS)
 
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Estate agents: A consultation on proposals for exercising powers in the Consumers, Estate Agents and Redress Act 2007 and other changes to secondary legislation relating to estate agents

Starting Date: 09-11-07

Closing Date: 01-02-08

This consultation sought views on the implementation of powers in the Consumers, Estate Agents and Redress Act 2007. These powers enable the Secretary of State to define the scope of estate agents redress schemes, set the penalty charge payable by estate agents for non membership of redress schemes and prescribe estate agents record keeping requirements.

The consultation also seeks views on changes to estate agents secondary legislation. These concern reducing the fee paid by banned estate agents when applying to have prohibition orders revoked or varied, requiring estate agents to forward to sellers details of all offers received from prospective buyers and alternative versions of the statutory terms used in estate agents’ contracts.

The response to the consultation is to be in two parts. Part one provides a summary of the main issues raised in the consultation in respect of redress schemes, penalty charges and application fees and, in these areas, outlines the Government’s decisions on the points of substance. The Government is still reviewing the responses in respect of record keeping, offer letters and statutory terms. A further response document on these issues will be published shortly.

Consultation Documents

Consultation Responses

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