Property agencies should be regulated by a new independent property-agent regulator and made subject to a code of practice, an independent working group has said.
Solicitors and other lawyers should be required to report evidence of illegal behaviour on the part of property agents to the new regulator, it recommended.
The Regulation of Property Agents Working Group, chaired by Lord Best, was tasked in October 2018 with advising government on a new regulatory framework for property agents; and has considered options to drive up standards in the property agency sector.
This has led to far-reaching proposals for a new regulatory framework.
The working group agreed “a new approach” is needed and said &ldqu...
This article is part of our subscription-based access. Please pick one of the options below to continue.
Already registered? Login to access premium content
The Corporate IP Licence is tailored to your firm, making it the most cost effective way for the firm to access Solicitors Journal, and enables the firm to remain compliant with copyright and our Terms and Conditions. This gives you the ability to print and circulate articles within the firm.
To enquire about a Corporate IP Licence for your firm, please contact our Subscriptions Manager on email@example.com.