If you read my blogs on an on-going basis you will know that I have been keeping up with the regulation of property agents and the proposed changes.
In October, the Housing Minister recently changed tactics and is now focusing on the way property agents operate.
The idea being that by looking at the picture as a whole it will give the Government the opportunity to control the transparency of agents across the country.
David Cox, Chief Executive, ARLA Propertymark and Mark Hayward, Chief Executive, NAEA Propertymark, said:
“ARLA and NAEA Propertymark welcome this announcement; we have long called for greater regulation of the housing sector. It will give consumers greater control over who manages their property, create long needed transparency, and raise the bar for those wishing to work in the housing sector.
However, it’s concerning that estate agents don’t fall under the Government’s initial scope – we urge ministers to widen the remit to include the whole housing market.
“We are committed to ensuring consumers receive the best level of service when looking to buy, sell, rent or lease a property. Our members are required to have deposit and client money protection schemes in place and undertake regular training.
However, this doesn’t stop some rogue agents from giving the industry a bad name. Blanket regulation is the right approach if we are to give consumers the confidence they deserve and reassurance that they will be treated fairly, no matter which agent they use.”
Arla PropertyMark has recently published an article about Regulation of Managing Agents. You can find this here: http://www.arla.co.uk/news/october-2017/regulation-of-managing-agents/
Conversations around change happen on a daily and weekly basis and I will keep updating you as much as I can.
In the meantime, you can read my previous blogs on the subject here
Having worked within the lettings industry for the majority of my career, I've dealt with all manner of situations and gained some fantastic experience working on behalf of corporate, franchised and high street lettings departments.
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