Purplebricks shares downgraded by 80%, KFH considers leaving Rightmove, Money laundering fees rise

Young estate agent escapes driving ban after claiming job would be at risk

Isle of Wight estate agent Sebastian Drewell is to complete 300 hours of unpaid community work and have ten points put on his licence instead.

Click here to read Young estate agent escapes driving ban after claiming job would be at risk.

KFH considers leaving Rightmove as it trials Zoopla at selected branches

63-branch London agency says it will spend next 12 months comparing the two portals' performance before making a decision on which to pick.

Click here to read KFH considers leaving Rightmove as it trials Zoopla at selected branches.

Global property portal reaches 100,000 listings including 11,400 in UK

Ambitious aims of Residential People appear to be bearing fruit, helped by offering free sales and lettings listings to agents.

Click here to read Global property portal reaches 100,000 listings including 11,400 in UK.

<span style="font-size: 15px; font-family: Tahoma, Geneva; font-weight: bold;">Deposits are deposits!</span>

"Landlords complained that the agent used a deposit as rental payment. Further rent payments were missed and eventually the landlords won a possession order. However, says Katrine Sporle, The Property Ombudsman, they did not accept that the agent acted properly."

Click here to read <span style="font-size: 15px; font-family: Tahoma, Geneva; font-weight: bold;">Deposits are deposits!</span>.

NAEA ‘surprise’ at 250% money laundering supervision fee rise

HMRC is to raise the annual fees it charges agents to be part of its money laundering supervision scheme from May 1st this year.

Click here to read NAEA ‘surprise’ at 250% money laundering supervision fee rise.

Purplebricks – Berenberg slashes target price by over 80%

Investment analyst suggests Purplebricks may need to take drastic action amid slowing growth and accelerating cash-burn.

Click here to read Purplebricks – Berenberg slashes target price by over 80%.