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Thank you. What about the Estate Agents? Do I have any recourse with them? Are they not bound by: OFT guidance for estate agents: compliance with the Consumer Protection from Unfair Trading Regulations 2008 and the Business Protection from Misleading Marketing Regulations 2008 - a consultationhttp://www.oft.gov.uk/shared_oft/estate-agents/OFT1364.pdf Within this the following statement is made: - not acting with the standard of care and skill that is in accordance with honest market practice and in good faith (failing to show professional diligence) [p36-38]
The Agent contacted me on Friday 21st September and told me that the vendor wanted to exhange contracts by Friday 28th September with contract completion by 12th October. This was before I had received any documentation from my solicitor. Is this not against the guidelines above by putting on undue pressure, which my solicitor anecdotally
told me was for the Agent to achieve his sales figures in September?
The property was being marketed on their site as Sold Subject to Contract until today when I was told on Friday that the vendors would not be proceeding with the sale with me.
Your further thoughts are appreciated.