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News: Agent at centre of Purplebricks row sells lettings side of his business

Tue, 02 Oct 18

Chris Wood, the Cornish agent who was recently the centre of a dispute with the Advertising Standards Authority, has announced that he’s sold the lettings side of his company.

A statement on Wood's Twitter feed said that having decided to concentrate on the residential sales side of his business - PDQ Estates in Helston - the Falmouth-based independent operator Rainbow Property had bought its lettings business and would look after its landlords and tenants.

“Rainbow were a natural choice as a buyer due to their excellent reputation, local knowledge and … we will be able to maintain a close working relationship between the two firms ensuring clients can move from selling to rental or rental to sales that they will be handled by a professional sales or lettings expert from each firm” says Wood.

His dispute with the ASA concerned a tweet and a blog post claiming that customers of Purplebricks and other online agents have lost money. 

The ASA ordered Wood to remove the claims, stating they were misleading. Wood initially refused to comply, although went on record saying: “I need to make it very clear that these local area results may not reflect a true National picture.”

 

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