A short new inquiry, launched in February 2024, will examine whether letting agents will need further regulation.

Regulating property agents has been ongoing. Experienced agents have faced increasing regulation and legislation. Over the past decade, efforts to professionalise the sector included establishing an Ombudsman and implementing legal obligations like the Tenant Fees Act. In February 2024, the House of Lords Industry and Regulators Committee began an inquiry to assess current regulations and consider a new industry regulator. In March 2024, the committee wrote to Michael Gove, requesting legislative action for proposed regulation changes.

The first link below covers the details around minimum requirements for agents, fees, and RoPA. There have since been write-ups by both the negotiator and the property industry eye in their March editions. 

 

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