Legal / Regulatory Compliance
All estate agents in the UK who engage in residential estate agency work must by law belong to an approved redress scheme that deals with complaints about buying and selling residential property. Estate agents must also stick to the terms of the Estate Agents Act and regulations made under it. Moreover, under the provisions of the Money Laundering Regulations, estate agents must register with HMRC if they're not already regulated for money laundering purposes by the FCA, and put in place anti-money laundering systems.
There are additional regulations around conveyancing, surveying, mortgage provision and data protection.
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Suppliers of this solution(62)
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