Correspondence
Letter from the CMA to estate and lettings agents on competition law
Open letter to the residential sales and lettings industry about enforcement action by the CMA and businesses’ obligations under competition law.
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In 2015, the Competition and Markets Authority (CMA) fined an association of estate and lettings agents, 3 of its members and a newspaper publisher over £735,000 for agreeing to prevent the advertising of fees or discounts in a local newspaper.
This open letter to the residential sales and lettings industry explains the CMA’s concerns about this conduct, the lessons to be learned from this case, and the actions businesses can take to ensure they comply with competition law.