New UK Trading Standards mandate that estate agents must disclose all material information at the outset. Failure to comply can result in significant penalties, including imprisonment, hefty fines, and permanent bans from the profession. These regulations are designed to improve transparency and safeguard consumers. AVRillo Conveyancing City: London Address: 257 Green Lanes, Website: https://avrillo.co.uk
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UK Estate Agents Face Tough
Penalties for Failing to Meet New
Trading Standards
Estate agents must comply with new stringent Trading
Standards rules in the UK or face severe consequences
like imprisonment, fines, and industry bans
New regulations demand full
disclosure of material info
upfront to enhance transparency
and consumer protection
Implemented by the government and NTSELAT, rules require disclosing all crucial
information to buyers at the beginning of property transactions starting November 30,
2023
Aimed at closing trading standards loopholes and
strengthening consumer protection laws, the
updated legislation also aims to maintain
advertising standards in the estate sector
Non-compliance with these regulations could lead to
up to two years in prison, substantial fines, and a
lifetime industry ban for estate agents.
The rules mandate agents to provide significant property details at the start of the buying process,
including property covenants, easements, planning breaches, and rent amounts.
Find Out More At
https://avrillo.co.uk/material-
information-pack/
Penalties for Failing to Meet New
Trading Standards
Estate agents must comply with new stringent Trading
Standards rules in the UK or face severe consequences
like imprisonment, fines, and industry bans
New regulations demand full
disclosure of material info
upfront to enhance transparency
and consumer protection
Implemented by the government and NTSELAT, rules require disclosing all crucial
information to buyers at the beginning of property transactions starting November 30,
2023
Aimed at closing trading standards loopholes and
strengthening consumer protection laws, the
updated legislation also aims to maintain
advertising standards in the estate sector
Non-compliance with these regulations could lead to
up to two years in prison, substantial fines, and a
lifetime industry ban for estate agents.
The rules mandate agents to provide significant property details at the start of the buying process,
including property covenants, easements, planning breaches, and rent amounts.
Find Out More At
https://avrillo.co.uk/material-
information-pack/