The trading standards warn real estate agents that need to ensure that important information for each property is complete before the new guidelines are published.
Important questions to ask are: “Do your family and colleagues still buy this property?” or “Can you justify the judge why something has been excluded from the substance information?”, the trading standards state. 
The last revised guidance on the Digital Markets, Competitive and Consumer (DMCC) Act replaces consumer protections from the unfair trading rules of 2008, but is expected to be made public by April 6th.
Large fines or prohibitions
The Competition and Markets Agency (CMA) that issuing guidance has the authority to prohibit agents who issue large fines or violate new conduct.
Guy Welfare told a webinar hosted by property data company Addland, who is responsible for the National Trading Standards Estate and Letting Agents Team (NTSELAT), that the agents view the new key information rules as a positive development.
“The wasted viewing time is short, there is less collapse and saves money,” he said.
Influence
But he also warned: “The CMA is in charge of new laws and has a lot of influence to violate regulations with new financial penalties.”
Last year, it was revealed that thousands of agents still failed to comply with key information rules, and have been prosecuted and fined.
According to a Moverly research, more than 133,000 homes on the UK property list have been added by agents without providing complete material information.
