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
