Click a link
to find out why we are the complete solution for property professionals
“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Previously we have highlighted the key differences between the CPRs and the soon to be repealed PMA.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 purchaser, being 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:
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:
The client and experts view...
Latest news
System Maintenance
Please be aware that we are performing some system maintenance this weekend. We don’t anticipate that this will result in any downtime of our services, but we apologise if it does cause any inconvenience
Government Confirms New Regulations and Qualifications for Estate Agents Will Happen
The government has accepted the proposals of the Regulation of Property Agents (RoPA) with wide-spread consequences for estate and letting agents.
The proposals reach right into the heart of the industry to affect regulation, training and licensing.
(more…)
Fears of Tougher Regulations and Unjust Costs Mount Ahead of Government Announcement
Estate Agents are waiting for the big reveal on Monday after Lord Best has admitted some firms could close when the regulation of property agents (ROPA) makes its recommendations to the Government early next week.
Lord Best, the chair of ROPA, has already outlined the working group’s desire for more regulation.
[NEWSFLASH] Agent Charged DOUBLE Over AML Registration Mistake
Property Industry Eye (PIE) has highlighted the case of an estate agent who has fallen foul of HMRC and been charged double.
On 4th April, with plenty of time to spare, Hayman-Joyce renewed their annual HMRC registration. They paid the fee and thought they’d ticked all the boxes.
Compliance in a Box: The Natural Remedy for Your AML Headache
Estate agents around the country are realising that the new 5th AML Directive goes deep. There’s a lot of work involved in becoming compliant. And the penalties for non-compliance, either deliberately or through confusion, are severe. (more…)
Click the Apply button opposite to use our software on a trial basis...
- What now for the agency industry as Boris Johnson takes over? https://t.co/KUJc0V2EEn
- Fears of Tougher Regulations and Unjust Costs Mount Ahead of Government Announcement https://t.co/N8VDGWNuC2 https://t.co/giZNcR88pH
- We're always talking to agents about reducing RISK with KYC (Know Your Customer) Due Diligence...but what about con… https://t.co/ePdHELsgKp
- Want to make sure you're ticking all the right boxes for your AML compliance? Click the link below and for our *FRE… https://t.co/3bjcIPFf2y
- Estate Agents, Compliance and the Beautiful Game https://t.co/1QwL5YQMit https://t.co/xawZnlv38L
- What now for the agency industry as Boris Johnson takes over? https://t.co/OUBAikhCTw
- More change on the horizon for agents! Seems to be a real split of opinions on this one. #estateagents… https://t.co/RhWLtkEbJQ
- We're always talking to agents about reducing RISK with KYC (Know Your Customer) Due Diligence...but what about con… https://t.co/CdzfWVEpXy
- Want to make sure you're ticking all the right boxes for your AML compliance? Click the link below for our *FREE* 1… https://t.co/j5SnrJMFcS
- MI5 spies 'at breaking point' as they face threats https://t.co/SBGS2Wsi2k via @MailOnline. Security Minister Ben W… https://t.co/WwEKnKIpN5
