Easy as ABC – new compliance feature from Reapit

Steve Richmond, boss of tech provider, Reapit, says the new feature will help agents comply with the latest material information guidelines.

Reapit Steve Richmond

Reapit customers can now add key material information from part A, B and C to properties for sale or to let on the latest version of the platform’s property marketing screens.

The user-friendly new fields enable agents to enter essential property details such as council tax band, tenure, leasehold expiry date, charges, utilities and parking.

This creates an easily accessible record for the agency, helping them deal with questions during property enquiries and ensuring the information is included in any property brochure created by the platform.

The details will also be added automatically to the relevant property portals as each portal adapts to support material information.

Compliance clarity

Steve Richmond, General Manager at Reapit UK&I, said: “We’re proud to introduce this essential feature, which will help agents comply with their legal obligations under the Consumer Protection from Unfair Trading Regulations 2008. We know from conversations with the NTSELAT that this is something their officers are closely monitoring to see how agents comply, and take action if they don’t.

“We placed a high priority on delivering this essential compliance feature. Collaborating closely with leading property portals, we aim to seamlessly integrate the valuable information provided on Reapit into property listings automatically. This strategic initiative is designed to enhance our customers’ compliance and ensure consumer confidence when enquiring about properties listed by our clients.

Upfront disclosure of material information is a legal obligation under the Consumer Protection from Unfair Trading Regulations 2008. According to NTSELAT, failure to do so could be, “a criminal offence and a “trigger” offence for the purposes of a warning or prohibition order under the Estate Agents Act 1979. Agents may also be subject to a complaint made by consumers to their redress scheme”.

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