Article: OFT approves Estate Agents redress scheme.

M2 PRESSWIRE-15 August 2008-UK Government: OFT approves Estate Agents redress scheme(C)1994-2008 M2 COMMUNICATIONS LTD

RDATE:15082008

The OFT has today approved the Ombudsman Service Limited's application to operate an estate agents redress scheme, under the Consumer Estate Agents and Redress Act 2007. The company will operate the Surveyors Ombudsman Service (SOS) as an approved estate agents redress scheme, and is the second to receive OFT approval ahead of 1 October 2008, when it will become compulsory for all estate agents dealing with residential property in the UK to join such a scheme.

Buyers and sellers of residential property will, from ...

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