§ 33. Mr. John Fraserasked the Minister for Trade what factors he took into account in deciding not to implement the bonding provisions of the Estate Agents Act 1979.
§ Dr. VaughanProvisions now in force protect money deposited with estate agents. Many agents subscribe to indemnity or bonding schemes. Complaints about non-return of deposits are so rare that at present the cost of implementing the bonding provisions would be out of proportion to the likely benefit. I will, however, keep a close watch on the situation and propose to reconsider the matter when there has been more experience of the working of the provisions now in operation.