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Is there an Ombudsman?

Is there an Ombudsman that regulates estate agents and their practices? When does sharp dealing / unethical price changes equals malpratice?

Asked on Jan 15 2011, General in Lancaster | Report content

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  • Yes there is: TPOS - The Property Ombudsman and most estate agents belong to it. To generate a more complete response to your second question, more specific information is needed.

    Answered on Jan 15 2011, Report content
  • I should also highlight that as far as pricing practice goes, regulation states that prices can only be advertised as being reduced after 28 days of being advertised at the previous price. There is no legislation to prevent a vendor from increasing their price at any time. The agent will not be at fault for an increased price since this is the choice of the vendor. This does not amount to malpractice by the agent as they are accepting the vendors pricing instructions. Only purchase a property if you agree to the purchase price.

    Answered on Jan 16 2011, Report content

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