OPDA’s latest version provides tools to simplify agents’ compliance processes with the National Trading Standards Material Information for lettings guidance.
OPDA members have worked with several existing companies in the lettings industry on the latest move.
The framework is helping to accelerate the digitisation of the property market, making transactions easier and more efficient.
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Converting all property data sources and documents to a digital format and making them shareable is essential if the lettings process is to speed up.
Shareable and trustable data will also reduce fraud and failed transactions which will be hugely beneficial to landlords and estate agents.
Ed Molyneux, CTO at of proptech firm Moverly, an OPDA member, said: “This latest release so soon after the previous version is evidence that the industry can really make progress on these vital open standards when we all work together collaboratively.”
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