Legislation Flashcards

(5 cards)

1
Q

What is the act applies to Heads of Terms?

A

Requirements of Writing Act 1995 - Basically means that the terms do not form any part of a legally binding contract.

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2
Q

What two pieces of legislation apply to marketing material?

A

Misrepresentation Act 1976

Digital Markets, Competition and Consumers Act 2024

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3
Q

What are 3 acts that Terms of Engagement must include?

A

Consumer Rights Act 2015

Estate Money Laundering Act 1979

Money Laundering Regulations 2017

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4
Q

What are the 2 sections of the Estate Agent’s Act 1979 that are in the Rules of Conduct 2021?

A

Section 18 - Must provide clients with specific information in writing before a contract for estate agency work is signed, particularly details about fees, charges, and the exact circumstances under which they will become liable to pay these costs.

Section 21 - Agents must disclose their personal interest in land and cannot accept deposits related to land where they have a personal interest, or where they or a connected person might gain one.

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5
Q
A
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