It seems the estate agency sector is under the spotlight this year... Whilst it's already a legal requirement for agents to be completely transparent about referral fees and commissions, the Government aren't happy. They state that unless the industry becomes more transparent, they will look to implement a ban.
All agents must clearly outline in writing if they may receive a commission or referral fee when referring to third party services. They must also advise their client if a potential buyer has been referred by the agent to the panel of solicitors or mortgage team (for example). Furthermore in cases of offers received, it is illegal for the agent to discriminate where the party making an offer have elected not to use the agents recommended suppliers.
I set up my own business because I wanted to change peoples opinions about Estate Agents, and I'm glad that the Government are working to improve standards.
It's been a confusing few weeks for Landlords and agents with regards to the new electrical safety standards. Here's the low down.
COVID is still well rooted in the UK, and therefore it's not just a case of simply heading back to the office and booking appointments.
Subject to any official announcements this looks like we will be able to work as 'normal' whilst observing social distancing measures.
Landlords must not grant or renew a tenancy after 1st April where the EPC rating is lower than an 'E'.