estate agents and outsourced compliance
Let's say, for the sake of the illustration, that the most unpleasant part of the visit to the dentist is the drilling into one's teeth. Imagine, then, if, just before the drilling was about to start, your dentist put on some clown music, and went out for a cigarette break. In comes a complete stranger, wielding a drill, wearing a tee-shirt saying "outsourced-drillingz-R-US", with the rest of their outfit being a clown costume. They then set about clumsily trying to drill into your face, while your dentist, with whom you thought you had the relationship, is nowhere to be seen. Some time in the current compliance era, during which no real economic growth has taken place in the West, estate agents in various jurisdictions (including Guernsey and the UK apparently) had to start compliancing buyers of real estate objects. Although there are several very unpleasant parts of the buying procedure, getting complianced is arguably the most unpleasant part. How does ...