RoPA (Regulation of Property Agents) is coming!

Date Published 01 October 2019

The RoPA report proposes a new regulatory framework which would cover Estate Agents across the UK but Letting & Managing agents in England only.

Recommendations in the report:

All agencies operating a residential property business should be licensed and licensing should include a fit and proper person test

A new regulator to be appointed to oversee compliance with an overarching Code of Practice.

Staff delivering ‘reserved activities' should be licensed and adhere to a Code of Practice.

All staff delivering ‘reserved activities' should hold a regulated sector qualification to a minimum of Level 3 (equivalent to A level), with directors & block management qualified to Level 4 (equivalent to a Degree)

Substantial changes are coming and they are welcomed by Able Estates