Propertymark was part of the working group made up of industry stakeholders and chaired by Lord Best. We have long called for Government regulation to ensure everyone in the industry is licensed, adheres to a strict code of practice and holds (at least) a Level 3 qualification.

RoPA's proposed regulatory framework is focused on estate agents in the UK and letting and managing agents in EnglandThe private rented sector is a devolved issue meaning the Welsh and Scottish Governments have already introduced legislation to regulate letting agents.

RoPA's report recommends that:

  1. All agencies operating a residential property business should be licensed and licensing should include a fit and proper person test for company directors
  2. All staff delivering ‘reserved activities’ employed within residential agency business should be licensed and adhere to a Code of Practice
  3. All staff delivering ‘reserved activities’ employed within residential agency business should hold a qualification at Level 3 or above
  4. All company directors and management agents should hold a qualification at Level 4 or above
  5. A new regulator be appointed to oversee compliance with an overarching Code of Practice
Latest news
28 Nov 2024
Regulatory evolution in Northern Ireland

A report, commissioned by the NIHE (Northern Ireland Housing Executive) and supported by the Chartered Institute of Housing (CIH) on letting agent regulation and fees, focuses on developing a new regulatory framework, and spotlights mandatory registration, a fit and proper person test, minimum qualifications, a code of practice and strict enforcement.