Encouraging new business models Proposal to amend Estate Agents Act 1979 [electronic resource]
Language: English Publication details: London BIS 2012Subject(s): Online resources: Summary: Outlines plans to amend the definition of estate agency work in the Estate Agent Act 1979 in the light of changing business practices in the home buying and selling market. The current definition, which predates the internet and the growth in online property businesses is felt to be out of date and too restrictive and is stopping the development of new business models within the property industry. It is proposed that online sites which as act as passive intermediaries between buyers and sellers should be outside the scope of the Act whilst businesses which offer personalised advice to buyers or sellers or handle money belonging to clients should remain within the scope of the Act.Summary: Consultation closes 10 August 2012.| Item type | Current library | Call number | Copy number | Status | Barcode | |
|---|---|---|---|---|---|---|
| Book | Virtual Online | ONLINE PUBLICATION (Browse shelf(Opens below)) | 1 | Available | 156744-2001 |
Outlines plans to amend the definition of estate agency work in the Estate Agent Act 1979 in the light of changing business practices in the home buying and selling market. The current definition, which predates the internet and the growth in online property businesses is felt to be out of date and too restrictive and is stopping the development of new business models within the property industry. It is proposed that online sites which as act as passive intermediaries between buyers and sellers should be outside the scope of the Act whilst businesses which offer personalised advice to buyers or sellers or handle money belonging to clients should remain within the scope of the Act.
Consultation closes 10 August 2012.