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Advice needed on selling house!!!!
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Debatable. AFAICS, the EA is not obliged. For one thing, the EA and the buyer have no financial relationship. Buyer has about as much right to ask EA for equivalent details from seller. Buyer's solicitor will make these checks.
It amazes me how we allow ourselves to be pushed around by EA's and the like interpreting the law without a solid foundation. Remember, the EA is not a party to the transaction.
Ea's are obliged to check out the buyer, according to the OFT & Trading Standards, the buyer becomes the 'client' as well when an offer is made. Look up the money laundering regulations and you will see that estate agents are listed as businesses that have to check this out.
Sorry if you feel pushed around by EA's, they are only doing what they have tasked with doing.
It also makes good business sense to ask for proof of the cash when dealing with an offer.0
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