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The Estate Agents (Redress Scheme) (Penalty Charge) Regulations 2008

S.I. 2008/1713 · Made 28 June 2008

Original text. legislation.gov.uk does not revise statutory instruments, so later amendments are not shown here. Changes made to it are listed under each provision when known.

Estate Agents

Made 28th June 2008

Laid before Parliament 1st July 2008

Coming into force 1st October 2008

The Secretary of State makes the following Regulations in exercise of the power conferred by paragraph 2 of Schedule 4 to the Estate Agents Act 1979f1.

Annotations to the whole text

Footnotes

f1

1979 c.38. Schedule 4 was added by Schedule 6 to the Consumers, Estate Agents and Redress Act 2007 c.17.

Contents

  1. 1Citation and Commencement
  2. 2Level of the penalty charge
  3. Signature
  4. Explanatory note

1Citation and Commencement

These Regulations may be cited as the Estate Agents (Redress Scheme) (Penalty Charge) Regulations 2008 and shall come into force on 1st October 2008.

2Level of the penalty charge

The amount of the penalty charge specified in a notice given to a person under section 23B(1) of the Estate Agents Act 1979 shall be £1000.

Signature

Gareth Thomas

Parliamentary Under Secretary of State for Trade and Consumer Affairs

Department for Business, Enterprise & Regulatory Reform

28th June 2008

Explanatory note

(This note is not part of the Regulations)

These Regulations specify that the penalty charge that may be imposed on a person who has engaged (or is engaging) in estate agency work in the United Kingdom in relation to residential property in breach of the requirement under the Estate Agents (Redress Scheme) Order 2008 (S.I. 2008/1712) to belong to an approved redress scheme shall be £1000. “Estate agency work” is defined in section 1 of the Estate Agents Act 1979 and “residential property” is defined in section 23C of that Act. Details of every approved redress scheme are available on the Office of Fair Trading website (www.oft.gov.uk).

An Impact Assessment in respect of these Regulations is available and a copy can be obtained from the Department for Business, Enterprise & Regulatory Reform or from its website at www.berr.gov.uk.