Material Information consultation launches

Propertymark is today launching a consultation exercise, seeking the views of lettings and sales agents - amongst others - about Material Information issues.

Following the two phased introduction of Material Information guidance by the National Trading Standards Estate and Lettings Team (in 2022 with Part A, and subsequently B and C in November 2023) Propertymark has now linked with various groups to launch a consultation.

It’s working with the Tenancy Deposit Service, The Guild of Property Professionals, Property Redress Scheme, The Property Institute and industry supplier Kerfuffle to understand how the new guidance has worked so far.

To enable this, two industry-wide surveys have been created: one for sales and another for lettings - to gather insight and feedback.

You do not have to be a Propertymark member to take part.

A statement from Propertymark says: “The aim is to encourage wide-ranging reaction from those who work within the sector regarding current take up, operational impact and any overall bearing the new rules have created. Findings will help spearhead powerful data-driven engagement on the subject and enable compelling representation to government and other stakeholders to help ensure long term progression.”

And Nathan Emerson, the chief executive of Propertymark, comments: “The overall research aims to create a springboard for reflection regarding how aspects are working at agency level, and it also aims to generate ideas to drive evolution and ultimately help craft a system that keeps pace and can deliver maximum benefit to all users.

“It is vital to gather insight and understanding from the very forefront of the industry to help steer future development and implementation. Propertymark is keen to gather real world thoughts from people who work across the sector and collect an open and honest account of positives, and any potential areas for improvement.”

To take part in the industry-wide survey, please follow the relevant link below.

Lettings: https://www.smartsurvey.co.uk/s/PropertymarkMaterialInformationLettingAgents/

Sales: https://www.smartsurvey.co.uk/s/PropertymarkMaterialInformationSalesAgents/