Housing minister Matthew Pennycook has once again committed to strengthening the regulation of managing agents, including as a minimum, mandatory professional qualifications.
The UK government has again looked at Lord Best’s 2019 report on regulating the property agent sector. This has been more prevalent following the recommendations in the final Grenfell Inquiry report.
A commitment has been given to strengthen the regulation of managing agents. A further consultation will take place next year.
Pennycook addressed the House of Commons yesterday, pledging to regulate property agents and adopt the RoPA recommendations, including those referring to firms which act as managing agents for leasehold blocks.
The Council for Licensed Conveyancers said it welcomed the government’s commitment to look again at Lord Best’s report on the regulation of property agents.
“Professionalisation of managing agents and ideally regulation of the industry, can contribute very significantly to the transformation of home buying and selling, leading to a faster, more certain, more secure and less stressful conveyancing process. We look forward to next year’s consultation,” the Council for Licensed Conveyancers said in a press statement.
I’m not adverse to ROPA, or any other qualification / licensing for the industry, but what about the private landlord / seller? Do they need to be qualified? I guess they’ve not thought of that one.
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At least it looks like this will end the will they, won’t they that has plagued us for years! I hope they adopt a common sense approach. I think level 3 for all agents is a good standard but I’m not sure how small business owners who are rammed with daily tasks will be able to do a level 4 qualification. I do hope they adopt an efficient level 3 focused approach, implemented quickly with focus on annual effective cpd.
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Oh how Property Mark must be rubbing their hands together! At last, another way to fleece their members whilst lining their own pockets and ignoring what we actually want which is to fight our corner, not to roll over and just accept legislation. Somehow shelter gets heard but not PM? He who shouts loudest?
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