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“More agents will be fined under CPRs” says the Property Ombudsman

8th August 2013

The Property Ombudsman has released their interim report focusing on the  impact that the Consumer Protection from Unfair Trading Regulations (CPRs) are likely to have on the day to day operations of both Estate and Letting agents.

Previously we have highlighted the key differences between the CPRs and the soon to be repealed PMA.  The report by the Ombudsman supports our findings and highlights the fact that the CPRs will leave agents much more exposed to prosecution than previously by putting far more responsibility on them to supply full and accurate information.

Essentially the CPRs focus on information that would affect the decision of the average purchaserbeing supplied if known by the seller/agent.  This could be anything from previous survey results to known disruptive neighbours.  As with any new legislation the core impact means more responsibility and administration for you.

At ETSOS we are here to make your lives easier and our system does just that for compliance with the CPRs.  It offers you access to many information sources at the click of a button including AML checks, Land Registry title plans, property hazard checker, instant online property information questionnaire, energy performance certificates and much more.  With ETSOS you can comply with legislation without hassle whilst adding access to new products for your vendor offering.

.  For our full guide to the CPRs please click the link below:

ETSOS guide to CPRs

If you would like to view The Property Ombudsman’s full report then please Click Here

If you are interested in how ETSOS can help you reduce the administration burden of regulation compliance please do not hesitate to contact us on 01524 220013 or by filling out the form below:

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