Estate agents had until 31st January to register with the Office of Fair Trading in order to comply with the Money Laundering Regulations.

On Wednesday I received confirmation that Emoov’s application had been processed and that we were properly registered.

Knowing the pretty lacklustre attitude that many agents have toward rules and regulation, I was intrigued as to how many had signed up and so I contacted the OFT to ask.

The answer? Less than half of the 10,500 estate agencies that are estimated to be operating in England and Wales have registered.

I suppose you must ask yourself, if so many agents are not bothering to adhere to this particular law, what else are they not doing that they should be?


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