New HIP regulations, introduced on 6 April 2009, are set to turn the world of property search information upside down. These latest changes come as a further response by the government to reform both the completeness and accuracy of the information contained in a HIP. In addition to the Property Information Questionnaire (PIQ) and the requirement for an agent to obtain a HIP before marketing a property, it will be the search content in HIPs that gets the biggest shake up under these new regulations.
To begin with, ‘incomplete answer insurance’, which has thus far allowed private search companies to insure against data that was ‘not available’, will be removed from personal searches in the HIP. As a result, the practice of relying ...
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