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SOUTH Dorset estate agency, Real Directions, has announced that it has ceased trading.

The company's Dorchester office had already been closed and Real Directions' decision affects two remaining offices in Weymouth and on Portland.

Partner Glenn Smith said earlier this week that it was a difficult time' and that talks were being held to discuss the situation.

A statement issued by Mr Smith said: "It is with regret that, for commercial reasons, the partners of Real Directions have decided to cease trading.

"The responsibility for ensuring the successful completion of the sale of all properties currently under offer has now formally transferred to The Real Estate Bureau Ltd of which Glenn Smith, a former partner of Real Directions, is a director.

"It is also proposed that the entire portfolio of property instructions is transferred to The Real Estate Bureau. All vendors will be contacted shortly."

Mr Smith told the Echo: "I can't say any more really. We have put processes in force to make arrangements with all our vendors, the majority of whom have been more than happy to continue with The Real Estate Bureau."

8:54am Thursday 22nd May 2008

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