Purchase & Sale

Question 1

What is Section 18 of the Estate Agents Act 1979?

Answer 1

You must declare your fees to the client, and when they will be payable.

Question 2

Are you able to rely on an AML check if you didn’t do it?

Answer 2

You can rely on AML checks that have been done by someone on the same side as you, e.g. solicitor

Question 3

What is Section 21 of the Estate Agents Act?

Answer 3

You must declare if you are acting in an agency capacity and the person you are acting for is a connected party. You must also declare if you have any personal interest in the property.