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The OFT closed on 31 March 2014 and this website is no longer being updated. The OFT's work and responsibilities have passed to a number of different bodies. Read more.

Estate Agents Act

On 1 April 2014, the OFT's anti-money laundering powers and responsibilities pass to the FCA (in respect of Consumer Credit Financial Institutions), and to Her Majesty's Revenue and Customs (in respect of businesses that carry on estate agency work). The OFT will continue to supervise consumer credit financial institutions and estate agency businesses until 31 March 2014.

This information is for people who are working as an estate agent. It tells you what you must do to meet your legal obligations.

The Estate Agents Act 1979 regulates your work as an estate agent. Its purpose is to make sure that you act in the best interests of your clients, and that both buyers and sellers are treated honestly, fairly and promptly.

Why this information is important:

  • if you don't comply with the law, you could be banned from working as an estate agent
  • if you ignore a ban, you could be prosecuted and fined.

Back to: Relevant legislation

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