You may be aware that the Property Misdescription Act has now been repealed and replaced by the CPRs. If you are aware you will know that, a propertyt agent’s liabilities have just increased. The main outcome of this is that when selling or letting a property an agent will now have […]
Around 25,000 new estate agent jobs were created in 3 months to June according to the Office for National Statistics. This is a jump in employment of 10% within their sector. This is good news for those owning houses. I’m sure its good news for the restaurants and cafes on […]
Protect your business Estate agents, letting agents, property professionals. All have one thing in common. They earn their living by presenting, advising, talking and ultimately selling! So, they may be unaware of it but for most estate agents one of their biggest risks is the risk of professional negligence. Recently […]
Was asked a question a few weeks ago by a consultant. The question was: “What happens if I make a mistake and I get sued by a company?” I then asked: “Are you a limited company?” They responded: “No” I then had to explain that, potentially, they have put their […]
Now over 50% of all SMEs buy professional indemnity cover. It’s often hard for a business to know what to look for. Wordings and insurers vary considerably. To summarise, if you are advising, designing or surveying then it’s sensible to buy professional indemnity cover. Try to obtain cover on a […]
A firm with 15 employees and a turnover of over £4,000,000 I was talking to was trying to manage a troublesome, unproductive member of staff. They had a few meetings with the person in question and performance was not improving. This business asked me what would happen if they managed […]
Recently an estate agent was fined over their data protection regime. Under the Data Protection Act, all organisations processing personal information are required to register with the Information commissioners Office. Failure to register is a criminal offence and could lead to a fine of up to £5,000 in a magistrates […]
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