Do estate agents have a duty of care?
Agents have a duty of care towards tenants, event though they do not have a contractual relationship. The duty of care includes: Providing applicants or tenants details of all charges at the point when they could cancel the agreement without penalty. Advising on who holds the deposit.
What are 4 of the main provisions of the Estate Agency Affairs Act?
To provide for the establishment of an Estate Agency Affairs Board and an Estate Agents Fidelity Fund; for the control of certain activities of estate agents in the public interest; and for incidental matters.
What legislation governs estate agency for Let boards?
Estate Agents advertising are governed by the Town and Country Planning (Control of Advertisement) Regulations 2007.
How many standard agency boards can be erected at a property?
one board
You can only place one board per property. The first to be displayed is the permitted one.
What is a letting agent responsible for?
The letting agent works for the landlord of a property to find a suitable tenant. He will draft property particulars, market the property, conduct viewings and deal with the formalities of referencing and drafting the tenancy agreement. He may also manage the property for the landlord.
What do estate agents have to disclose?
CPRs mean that estate agents now have to disclose “fair” information to homebuyers and sellers. That includes making “material information” about a property clear, unambiguous and not deliberately misleading or withholding information from buyers. So no hiding information from buyers until it’s too late.
What is section 21 of the estate agents Act?
Section 21 of the Act requires an estate agent to disclose to prospective purchasers that a connected person has a personal interest in the sale of a property. A connected person includes an employee and an associate of the estate agent.
What are the powers of the Estate Agency Affairs Board?
To maintain and promote the standards of conduct of estate agents;
- To manage the registration of qualified applications of estate agents;
- To issue fidelity fund certificates;
- To manage the educational and examination standards of the estate agents;
- To regulate the activities of estate agents;
When must a let by board be removed?
✓ The board(s) must be removed immediately after the expiry of the period specified in the Express Consent (up to six months or on completion of contracts, whichever is earlier unless the City Council has renewed the Consent. Any fixing battens or other elements supporting the board must also be removed.
What size are estate agents boards?
It is a standard rigid waterproof material used by all estate agents. Standard size flag boards are 6mm thick and have standard allowed size: 813mm x 610mm.
Do you need planning permission for an a board?
With this in mind the safest bet is to check with your local authority. In most cases, if you are going to place the A board on a public highway you need to get permission. There are however exceptions, such as whether the sign is illuminated or not, so once again it is best to check with your local authority.
Do letting agents have to be regulated?
In comparison to other professions, private sector lettings agents have been largely unregulated. Limited statutory regulation applies to the industry, and lettings and management agents are not legally required to belong to trade associations.
How big does an estate agent board have to be?
There are estate agent board size rules too. If your ‘To Let’ board or ‘For Sale’ sign is hung on the property that is available on the market, the largest signage board sign you can use is 0.5 square metres. If you’re advertising a commercial property, this can be up to 2.0 square metres.
How big does an estate agent sign have to be?
Boards must not be larger than 0.5 square metres There are estate agent board size rules too. If your ‘To Let’ board or ‘For Sale’ sign is hung on the property that is available on the market, the largest signage board sign you can use is 0.5 square metres. If you’re advertising a commercial property, this can be up to 2.0 square metres.
When do you have to remove an estate agent board?
However, if there are flats in the said property, the council will allow putting up one board per flat. · When Should The Boards Be Removed? As per the law, if the property has been sold or rented out, the board should be removed within fourteen days of the agreement.
When was the estate agent Affairs Board established?
It was established in 1976 in terms of the Estate Agency Affairs Act 112 of 1976 (EAAA). This Act protects the interests of the public and ensures that estate agents are compliant. Dealing with Estate Agent Affairs Board (EAAB) Matters