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 Estate agency scolded for signboard scam

 

Friday, February 06, 2004


An estate agency has been smacked by the Office of Fair Trading for putting up signs outside properties it was not selling in south London.

Mankind Property Services Ltd has agreed to stop putting 'For Sale' signs outside properties that are not being marketed by the company, a practice known as flyboarding, said the OFT.

The company which was trading as Bairstow Eves Countrywide, had been erecting 'For Sale' boards in the New Cross area of London shortly after its office in New Cross Road opened, when it appeared to have few properties on its books.

Flyboarding gives the impression that the company is doing more business than it actually is and this can affect the way a potential customer perceives the company.

The OFT has now received written undertakings that Mankind Property Services Ltd and its manager Farooq Majeed will not market property unless acting on instructions to do so by the owner. They have also withdrawn any unauthorised boards.

 
 
     
     
 

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