It is almost four years since the government proposed that estate agents be regulated by an independent regulator, with mandatory qualifications, licensing and a code of practice.
The Regulation of Property Agents (RoPA) working group was tasked with advising on how to make this proposition a reality.
RoPA’s report recommended that:
+ All agencies operating a residential property business should be licensed and licensing should include a fit and proper person test for company directors
+ All staff delivering ‘reserved activities’ employed within residential agency business should be licensed and adhere to a Code of Practice
+ All staff delivering ‘reserved activities’ employed within residential agency business should hold a qualification at Level 3 or above
+ All company directors and management agents should hold a qualification at Level 4 or above
+ A new regulator be appointed to oversee compliance with an overarching Code of Practice
But would a proper licencing regime actually improve standards and, importantly, knowledge?
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