Estate agents face fines under new review regulations
Original Article Summary
Estate agents could face fines of up to 10% of turnover or £300,000 under new legislation banning fake and misleading online reviews. The Digital Markets, Competition and Consumers Act 2024 came into force on 6 April 2025, prohibiting practices including filtering negative feedback and selectively showcasing testimonials. The post Estate agents face fines under new review regulations appeared first on PropertyWire.
PropMatch Curated Analysis
New UK legislation bans fake and misleading online reviews, with estate agents facing fines up to 10% of turnover or £300k for non-compliance. Common practices like filtering negative reviews are now prohibited.
Investor Relevance
Property investors operating businesses (estate agencies, lettings agencies, management companies) face immediate compliance requirements and significant financial penalties. This affects brand reputation management and could impact tenant acquisition strategies.
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