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. 

 

>news AGENT<

>The negotiator<

>property industry eye<

More Posts

Government roadmap puts property qualifications centre stage

The government’s new Home Buying and Selling Reform Roadmap makes one thing clear: the property sector is moving towards higher standards, stronger professional expectations and, in time, mandatory qualifications for estate and letting agents. While the consultation on minimum qualifications is not due until 2027, the direction of travel is already set.

Get in touch!

We'd be happy to answer any questions you have. Simply fill out the form below.