property listings can no longer

Property Listings Can No Longer Mention Price on Application

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Price on application is a term you would often find in property listings. It is used by estate agents to have potential buyers or renters call to find out the asking price instead of seeing it in the listing. The reasons for using POA instead of listing the property’s price can vary. It can be used if the property’s price has not been set, because it is so unique that determining a price is difficult before buyers or renters show interest, or because owners want the price to be kept private.

However, according to our estate agents in Newham, using POA in listings will no longer be the case. Here’s why:

  • The Estate Agents and Letting Agents Team of the National Trading Standards has decided that ‘price on application’ or POA can no longer be used in property listings as it contradicts the current consumer protection legislation.
  • NTSELAT considers the average consumer needs to know a property’s price in order to make an informed choice and they must know this from the listing, before they contact the estate agent.
  • This decision is part of a series of decisions made by the NTSELAT in collaboration with the estate agency industry to improve how important information is disclosed in property listings.
  • Therefore, estate agents must now list the asking price in their property listings to abide by this ruling.
  • According to our estate agents in Newham, this will increase transparency as regards property asking prices and help solidify the relationship with and between property buyers, renters, landlords, and sellers alike.
  • In addition, our estate agents in Newham highlight the fact that, in certain cases, using the term ‘price on application’ actually drove interested parties away from a property, causing them to think that it was out of their range. Therefore, the NTSELAT decision may have yet another benefit apart from increasing transparency.
  • NTSELAT also published a list of ‘material information’ that should be disclosed in property listings. It includes the property’s council tax band, information on its tenure (freehold or leasehold), as well as if the property is in a flood risk area.
  • Estate agents had until the end of May to comply with the above decision and include this information in their listings.

For exclusive listings and fully transparent property transactions, contact our estate agents in Newham today at 0207 055 0441 or info@realestateagentslondon.co.uk.

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Alvaro Caiza
Alvaro Caiza
2024-02-02
Excellent service. Rizwan helped me immensely to make my purchase and he was always there making sure that the process went smoothly. Highly recommended agency.
irina irina
irina irina
2024-02-01
The most professional agent you can ever find. I dealt with Rizwan. He was on my case day and night! He was doing everything possible to help to progress quickly the sale of the apartment. I strongly recommend him and the company!
isabel pan
isabel pan
2024-01-29
租客只提前了15天告诉我们要搬到其他国家去,我们就马上通过朋友找到Remax房产公司, Adil非常迅速地约我看了房子,帮我指出需要重新装修的地方,安排维修部门报价,装修。不到一个月就帮我找到租客。 非常满意他们的服务。
pei jin
pei jin
2024-01-29
I used to manage my property by myself. However, it's a bit painful to chase rent from tenants and handle maintenance issues. Since my tenants moved out recently, I thought I would use an agent to manage my property. I compared quite a few letting agents and finally chose Remax. My first thought is that their management fee is lower than most agents. One of my friends also uses this agent and they recommended me Adil from the Canning Town branch. Adil is excellent. His professionalism makes me confident and he does not let me down. He rented out my property quickly with good tenants. Remax has its own dedicated maintenance team and Khalid give me lots of good suggestions. I recommend Remax as a full management agent.
asad ali
asad ali
2024-01-18
Dealt with Masood Qaiser from Real Estate Agents London, he was very helpful and provided a very professional and diligent service.
Azhar UL Hassan
Azhar UL Hassan
2024-01-14
When I handed over my property management to Real Estate Agents London, I wasn't just looking for help, I was hoping for peace of mind. Their proactiveness, from clear tenant communication to prompt maintenance handling, has been fantastic. They know their stuff inside and out, making the whole process seamless and stress-free. If you're looking for top-notch property management, Real Estate Agents London is the only name you need.
Muhammad Sarwar
Muhammad Sarwar
2024-01-14
As a busy professional, juggling property management wasn't exactly my idea of a good time. That's when I found Real Estate Agents London. From the first meeting, I knew they were different. Their dedication, expertise, and personalized approach were exactly what I needed. They take care of my property like it's their own, and that's a level of service you just don't find everywhere. Highly recommended!
Toufique Miah
Toufique Miah
2024-01-11
honestly this is soo bad left me waiting no calls nothing agent confirmed viewing did not confirm address nothing, called and spoke to someone said will let me know but not heard anything
wang dehui
wang dehui
2024-01-09
I am the landlord, has been with Remax for over 3 years. My property is located in Newham council. It was always great experience ever since then. My ex agent Iulian was amazing, but he left the company unfortunately. Right now the letting manager Adil and Khalid are helping to managing my property. Again they are fast and effective, very professional. Definitely recommend Remax for the landlord who is looking for the reliable agent. 值得信任的房屋中介👍
Jian Huang
Jian Huang
2024-01-09
I am impressived that Iulian Gherasim who has been always tried his best to do the service towards finding the right tenants for us in short period, reply back straight away whenever I have a question ect. I have recommended him and the agent to my friend in March,Mr Gherasim has found her the right tenants within a week time. And she is happy with the service too. I will recommend REMAX to whoever I know needs help through the rent.

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