PART 2Money Laundering and Terrorist Financing
CHAPTER 1Application
Estate agents13
1
In these Regulations, “estate agent” means a firm or a sole practitioner, who, or whose employees, carry out estate agency work, when the work is being carried out.
2
For the purposes of paragraph (1) “estate agency work” is to be read in accordance with section 1 of the Estate Agents Act 197954 (estate agency work), but for those purposes references in that section to disposing of or acquiring an interest in land are (despite anything in section 2 of that Act) to be taken to include references to disposing of or acquiring an estate or interest in land outside the United Kingdom where that estate or interest is capable of being owned or held as a separate interest.