HAVE YOUR SAY: Material Information survey
Propertymark is urging estate and letting agents to complete their industry-wide survey on the current take-up and impact of Material Information.
Propertymark in collaboration with TDS, The Guild of Property Professionals, Property Redress Scheme, The Property Institute and Kerfuffle are keen for you to have your say regarding Material Information and how the system is working at estate and letting agency level.
The industry-wide survey was launched last week and aims to gather real world feedback on current take up and impact, with an overall aim to create a powerful understanding of current application and identify any areas for future evolution.
The survey is open to both Propertymark members and non-members alike. To take part in the industry-wide survey, please follow the relevant links.
Material Information guidance was first introduced back in May 2022 with Part A, and subsequently followed with Part B and C in November 2023. It sits under the umbrella of Consumer Protection from Unfair Trading Regulations 2008 and aims to include key information which is material to the decision-making process of the average consumer.
Nathan Emerson, CEO of Propertymark, commented: “We have seen an encouraging response to the survey so far, however the more reaction we can gather the more powerful the data will be to potentially help steer progression and development. From the outset, the aim has been to generate real world feedback to help guide future development and implementation. The overall objective is to assist in growing a system so that it keeps pace with demand and delivers maximum benefit to all users.”
