Referral Fees
Compliance with the Consumer Protection from Unfair Trading Regulations 2008
The latest guidance specifically addresses the issue of transparency of fees, including referral fees, within the Estate Agency sector.
An Estate Agent should disclose in plain terms
- The price for its services, including any ‘’compulsory’’ extras; and
- Where a referral arrangement exists, that it exists and with whom; and
- Where a transaction specific referral fee is to be paid, its amount; and
- Where a referral retainer exists, an estimate of the annual value of that retainer to the Estate Agent or its value per transaction; and
- Where the referral is rewarded other than by payment, an assessment of the annual value of the reward or the value of the reward per
Chris Hamriding Letting & Estate Agents refer business to internal departments (however no referral fee is paid) and external companies, and to this end a full disclosure is set out below.
You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us a corresponding Referral Fee. The Referral Fee is separate to your obligation to pay our own fees or commission.
Conveyancing Services
We may offer conveyancing services to you through Goddard Dunbar & Associates Ltd (Solicitors). Full details of the referral payment will be confirmed within their Client Care Letter. These services are optional, however, should you use their services:
We will typically receive £200 plus VAT per referral.
Energy Performance Certificates
We often refer clients to use third party organisations.
We do not accept any fee or commission.
Survey Services
We often refer clients to use third party organisations.
We do not accept any fee or commission.
You are not under any obligation to use the services of any of the recommended providers, though should you accept our recommendation the provider is expected to pay us a corresponding Referral Fee. The Referral Fee is separate to your obligation to pay our own fees or commission.
(Updated 12/02/2020)
