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ARTICLE · 28 SEPTEMBER 2011

OFT Draft Guidance For Property Developers And Estate Agents

Earlier this week the Office for Fair Trading published draft guidance aimed at assisting developers and estate agents to comply with the Consumer Protection from Unfair Trading Regulations 2008 and the Business Protection from Misleading Marketing Regulations 2008.

United KingdomReal Estate and Construction
Mark Heighton
Mark Heighton

Earlier this week the Office for Fair Trading published draft guidance aimed at assisting developers and estate agents to comply with the Consumer Protection from Unfair Trading Regulations 2008 and the Business Protection from Misleading Marketing Regulations 2008.

Although primarily aimed at estate agents dealing with the disposal of residential properties, the guidance also applies to property developers and house builders who market and sell their own residential developments.

The purpose of the guidance is to provide an overview of the Regulations and then set out in detail some of the examples of the types of trading practices or conduct that are likely to be in breach of the Regulations. It also provides some proposed practical steps which estate agents or developers may wish to take to ensure compliance with the law.

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