Position of property websites clarified by OFT

The OFT has redefined what constitutes estate agency work for the purposes of the Estate Agents Act saying the guidance is intended to provide greater clarity and consistency for consumers and businesses and has been collectively agreed by the OFT, the Trading Standards Institute (TSI) and the Local Authorities Coordinators of Regulatory Services (LACORS) as well as receiving the support of trade bodies within the sector. There are currently about 200 internet property retailers trading in the UK. And while some of these sites claim not to be engaging in estate agency work they do, in fact...