Estate Agent in United Kingdom

Definition of Estate Agent

In accordance with the work A Dictionary of Law, this is a description of Estate Agent : A person who introduces prospective buyers and sellers of property to each other. Such a person may be a member of a professional body but must, in any event, under the Estate Agents Act 1979, take out insurance cover to protect money received as deposits from clients. The Property Misdescription Act 1991 prohibits estate agents from making false or misleading statements about property in the course of their business; making such statements is punishable by a fine of up to £5000 or possibly by imprisonment.

See also misdescription.