Article: OFT gives approval to an estate agents redress scheme.

M2 PRESSWIRE-19 June 2008-UK Government: OFT gives approval to an estate agents redress scheme(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:19062008

The OFT has today given the Ombudsman for Estate Agents Company Limited (OEA) approval for its estate agents redress scheme under the Consumer Estate Agents and Redress Act 2007 (CEARA).

With the approval of a redress scheme, the Secretary of State for Business Enterprise and Regulatory Reform (BERR) will now be able to make an order under CEARA requiring all estate agents dealing with residential property in the UK to join an approved scheme. BERR expects this order to become law and commence on 1 ...

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