RICS responds to NTS decision to withdraw guidance for estates and lettings professionals (Record no. 122157)

MARC details
000 -LEADER
fixed length control field 01815nam a22002057a 4500
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
fixed length control field 250512t2025 xxk|||||o||||s00| 0 eng d
041 ## - LANGUAGE CODE
Language code of text/sound track or separate title eng
110 ## - MAIN ENTRY--CORPORATE NAME
Corporate author Royal Institution of Chartered Surveyors
245 ## - TITLE STATEMENT
Title RICS responds to NTS decision to withdraw guidance for estates and lettings professionals
260 ## - PUBLICATION INFORMATION
Publisher RICS
Date 9 May 2025
520 ## - ABSTRACT
Abstract On 6 April 2025, the Digital Markets, Competition and Consumers Act 2024 (Commencement No. 2) Regulations 2025 were enacted, replacing the Consumer Protection from Unfair Trading Regulations 2008 (CPUTRs) and transferring direct enforcement powers to the Competition and Markets Authority (CMA). As such, RICS is also withdrawing its own guidance for our members based on the older law.<br/><br/>Property agents must now comply with the legal requirements regarding material information in the Digital Markets Competition and Consumers Act (DMCC Act). Guidance was published by the CMA for compliance with the new law, however RICS voiced its concerns at the consultation phase that the CMA guidance contained ambiguities which leave businesses to interpret the law as they see fit.<br/><br/>RICS feels that the withdrawal of the material information guidance and reference to the DMCC creates uncertainty for our members and consumers. We would welcome working with others in the sector such as the Home Buying and Selling Council and MHCLG to address the gaps left by the announcement by NTS.
650 ## - KEYWORDS
Keywords MATERIAL INFORMATION
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Keywords ESTATE AGENCY
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Keywords TRADING STANDARDS
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Keywords PROPERTY PARTICULARS
651 ## - SUBJECT ADDED ENTRY--GEOGRAPHIC NAME
Geographic name England
690 ## - BROAD SUBJECT
9 (RLIN) 6266
Broad subject Residential property
856 ## - ONLINE RESOURCE
Uniform Resource Identifier <a href="https://www.rics.org/news-insights/rics-responds-to-nts-decision-to-withdraw-guidance-for-estates-and-lettings-professionals">https://www.rics.org/news-insights/rics-responds-to-nts-decision-to-withdraw-guidance-for-estates-and-lettings-professionals</a>
Public note RICS press release
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Suppress in OPAC Do not suppress in OPAC
Holdings
Lost status Damaged status Not for loan Home library Current library Shelving location Date acquired Total Checkouts Date last seen Price effective from Koha item type
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