OFT to seek views ahead of estate agency market study

The study may also cover the relationships between estate agents, and mortgage brokers, surveyors, solicitors and other professional advisors.

The OFT will be discussing these issues with Government, devolved administrations, consumer groups and industry in the run-up to the launch in order to refine the scope of the study.

John Fingleton, OFT Chief Executive, said: “Buying or selling a home is something most people do only a few times in their life, but it is usually the biggest transaction they will make. We want to ensure that consumers are served well when buying or selling a home and are supported by an effective, competitive and innovative market.

“Before embarking onĀ  such an important piece of work, we want to engage with the industry and consumer groups to get a clear idea of the most salient issues we should focus on.”

The OFT will be contacting key parties directly. Other interested parties can submit written views, by 16 January 2009 to: homebuyingandselling@oft.gov.uk

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