Purchase & Sale

Question 1

Legislation (Besides Leasing & Letting)?

Answer 1

• Estate Agents Act 1979 (s.18 - agency base)
• Law of Property Act 1989 (land sales must be in writing)
• Law of property Act 1925 (Defines the interests in land)
• Auctioneers Act 1985
• Sale of Land by Auction Act 1867 (declarations that must be made)
• Auctions (Bidding Agreements) Acts 1927 & 1969 (illegal to bribe not to bid)
• General Permitted Development Order 2015 (PD)

Question 2

RICS Guidance?

Answer 2

• Real Estate Agency and Brokerage, 2016 (PS) (same as L&L)
• RICS Auctioneers Selling Real Estate, 2018 (PS) (Common Auction Conditions etc)