Guidance Note: Material Information for Estate Agents
This Guidance Note examines the responsibilities of Estate Agents to provide "Material Information" in property listings for sale. This is essential for helping potential buyers make informed decisions about purchasing a property.
Material information is defined as “information which the average consumer needs, according to the context, to take an informed transactional decision.” Essentially, it includes any details that might impact a consumers choice to buy a property.
The Consumer Protection from Unfair Trading Regulations 2008 (CPRs) set the standards that Estate Agents must meet to ensure transparency and fairness in their dealings with potential buyers. These regulations are designed to protect consumers from deceptive practices and ensure they receive all necessary information to make well-informed decisions.
This Guidance Note looks at the following:
- Material Information and the Consumer Protection from Unfair Trading Regulations 2008;
- Information Required;
- Estate Agents Responsibilities;
- Energy Performance Certificates;
- Part A Material Information ;
- Part B Material Information ;
- Part C Material Information;
- Summary table
This Guidance Note: Material Information for Letting Agents is in open format. Either enter the requisite details in the highlighted fields or adjust the wording to suit your purposes.
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