Estate Agents Act 2010 · 2020 Revised Edition · Part 4 · Duties and Liability
43. Notice of certain events
Feedback & supportWhere a licensee ceases to be engaged in estate agency work, the licensee must, before the end of a period of 31 days starting on the date of the cessation, notify the Council in writing thereof.
estate agency work
“estate agency work”, subject to subsection (3), means any work done in the course of business for a client or any work done for or in expectation of any fee (whether or not in the course of business) for a client, being work done —(a)in relation to the introduction to the client of a third person who wishes to acquire or dispose of a property, or to the negotiation for the acquisition or disposition of a property by the client; or(b)after the introduction to the client of a third person who wishes to acquire or dispose of a property or the negotiation for the acquisition or disposition of a property by the client, in relation to the acquisition or disposition (as the case may be) of the property by the client;
Where a licensed estate agent ceases to appoint, associate with or employ a person as a salesperson, the licensed estate agent must, before the end of a period of 7 days (or such other period prescribed) notify the Council in a manner prescribed of the cessation.
licensed estate agent
“licensed estate agent” means a person who is the holder of an estate agent’s licence;
Where a company is a licensed estate agent and —
company
“company” has the meaning given by section 4(1) of the Companies Act 1967;
a person is appointed as a director of the company; or
a person ceases to be such a director,the company must, before the end of a period of 7 days (or such other period prescribed) starting on the date of the appointment or, where appropriate, the cessation, notify the Council in a manner prescribed of the appointment or cessation.
Where —
a licensed estate agent —
becomes a member of a partnership; or
ceases to be a member of a partnership; and
the partnership does, or it is proposed that it will do, estate agency work,the licensed estate agent must, before the end of a period of 7 days (or such other period prescribed) starting on the date of his or her so becoming or ceasing to be such a member, notify the Council in a manner prescribed thereof.
In addition to notification of the matters contained in subsections (1), (2), (3) and (4), a notice for the purposes of any of those subsections must contain such additional particulars (if any) as are prescribed for the time being for the purposes of this section which must be verified in such manner as may be prescribed.
prescribed
“prescribed” means prescribed by the Council by regulations made under this Act;
A licensee who fails to comply with subsection (1), (2), (3), (4) or (5) shall be guilty of an offence.