Date Published 10 August 2012
Here is an urgent update on the proposed change to the Estate Agents Act designed to allow new entrants such as supermarkets and private sale websites into the market who can operate outside the scope of the legislation.
The Department for Business, Innovation and Skills (BIS) yesterday confirmed to EAT that the consultation WILL close today.
This is despite EAT telling the department that the very large majority of the industry had only heard of the proposed change and the consultation two days ago, when we broke the story.
However, all responses up until midnight tonight will be considered, the department said.
The department appears to be on an unusually swift timetable. A spokesman said that it hopes to publish its response to the consultation early next month.
It is clearly very important that anyone who has not yet made their views known does so today.