A new trade body is launching for the property search industry, which will offer consumers redress through The Property Ombudsman.
A statement today said: “CIE directors share a belief that the future of property data due diligence lies in the application of technology to big data, more robust data standards, transparency and openness around data integrity and working with the wider industry to deliver the solutions of the future.
“All CIE members will adhere to the Conveyancing Information Executive Standards as its members’ regulatory guide.
“CIE Members will also be required to use The Property Ombudsman to deal with any consumer redress matters using Conveyancing Information Executive Standards in just the same way as they may have done historically for the Search Code.
“The CIE is currently in discussions with a number of organisations and look forward to announcing additional new members in due course.”
Editor’s note: This report is a change to what was originally carried
Comments are closed.