08457 22 44 99
The Consumers, Estate Agents and Redress Act 2007 enables the Secretary of State to require those engaging in estate agency work in relation to residential property to be members of an OFT approved estate agents redress scheme.
The OFT reminded residential estate agents that, from October 2008, they must be members of an approved redress scheme. See press release.
The Secretary of State for Business Enterprise and Regulatory Reform made an Order under The Estate Agents Act 1979 (as amended by The Consumers, Estate Agents and Redress (CEAR) Act 2007) on 1 July 2008. This requires those engaging in estate agency work in respect of residential property to join an approved estate agents redress scheme by the time the Order comes into force on 1 October 2008. It is available on the UK Statute Law Database.
Details of the redress schemes which are currently approved by the OFT and available for estate agents to join are below. Estate agents wishing to join a scheme should use the application processes detailed on the schemes' websites (links to the websites are below).
The OFT is able to approve a redress scheme if it considers the provisions of the scheme and its proposed operation are satisfactory.
Back to: Estate agents
This feature requires Javascript and Cookies to be enabled on your browser
Register for email alerts or amend your existing account details here.
08457 22 44 99
