The new material information requirements recently announced by Trading Standards will be the topic of Rightmove’s news hour webinar on Tuesday 10th May at 10am.
Legal & Compliance Director David Cox will explain how Rightmove is helping equip agents with new fields to help them comply with the new guidelines on their property listings, and answer any questions.
Rightmove is introducing new fields to cover the material information listed in Part A, and has updated its specification for data feed providers to build the new fields into their software, to use when uploading properties via Rightmove’s Real Time Data Feed. All data-feed providers and agents have been sent information directly on the technical details.
Information such as price and tenure already exist as fields, and the new fields will include shared ownership costs, ground rent and ground rent review period, annual service charge and council tax band.
Agents can submit a question in advance to Cox when signing up to the webinar. To sign up agents can visit: https://hub.rightmove.co.uk/may-news-hour-with-david-cox/
Other webinars in May
On Wednesday 4th May, Malcolm Driscoll, Lead AML Consultant at FCS Compliance, returned to answer agents’ questions on anti-money laundering. Agents can watch the webinar on-demand on the Rightmove hub here: https://hub.rightmove.co.uk/your-anti-money-laundering-questions-answered/
Property lawyer David Smith continues his series of webinars around The Renting Homes Wales Act on Wednesday 11th May. This time David will be focusing on the re-structured repairing obligations set out in the RHWA, including the new fitness standard and the requirements to have an electrical safety test.
Agents can sign up here: https://hub.rightmove.co.uk/understanding-your-repair-obligations-in-wales-from-july/
Comments (5)
Agents should consider the future with this mentality. While the disclosures in the main cannot be argued as information that a prospective buyer should get (does now anyway, just depends on when!), history has shown this could be the thin end of a very long wedge and potential to get out of hand. Lets hope sense prevails.
I still don’t see the ‘Tax Band’ rate is relevant e.g. Band A, D, H etc. It is meaningless to the consumer if they have to go away to research. The relevant material information is how much is it going to cost them £’s but is it accurate if the council change?
Heaven forbid the consumer has to do anything quite as taxing as research; that would be like asking a teenager to get out of bed in good time for school.
Lol. Had two of them. Some things cannot be changed.
There is a very strong implication in this article that Rightmove are going to force agents on to real-time feeds to comply with legislation that’s been in place since 2013, many will not want to do that for very sound reasons.
There is no reason why any field that’s created in a CRM will not feed the portals via BLM or XML.
This should be unacceptable to agents. Hopefully Mr. Munro will not allow a delay to the rollout of compliance with CPR legislation while Rightmove attempt to force use of one of its most detrimental features
Any agent wondering why as a former FNAEA, former director of 2 CRM services and consultant to portals and SAAS providers I am dead set, anti real-time feeds can get in touch and I will show them how real-time provides an agent’s competitors full, free and unfettered access to their most valuable information.
I appreciate the benefit of real time feed to consumers but I can not and have not heard any benefit to an agent that outweighs telling their #local competition what they’re up to, as it happens