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Estate Agents: Fees and Charges

Volume 461: debated on Tuesday 19 June 2007

To ask the Secretary of State for Trade and Industry what research has been carried out (a) by and (b) on behalf of his Department into average fees charged by estate agents since the 2004 Office of Fair Trading report into the estate agency market. (143184)

[holding answer 15 June 2007]: The Department has not carried out, or commissioned on its behalf, any research into average fees charged by estate agents since 2004.

The Office of Fair Trading has a general duty to keep under review the estate agency market including commercial developments relating to the carrying on of estate agency work, and the working and enforcement of the Estate Agents Act 1979.

The Office of Fair Trading is also responsible under UK competition legislation for monitoring markets and investigating allegations of anti-competitive behaviour.