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RICS overarching code of practice for property agents
The Royal Institution of Chartered Surveyors (RICS), together with the Property Ombudsman, is inviting comments on the content and clarity of a new overarching Draft Code of Practice for Residential Property Agents. See the consultation.
In December 2019, the Regulation of Property Agents (RoPA) Code Steering Group was set up for the purpose of developing an overarching code to the standards envisaged by the RoPA Working Group, which is Chaired by Baroness Dianne Hayter.
This follows on from the recommendations made by Lord Best in the Regulation of Property Agents Working Group, Final Report, July 2019. The working group made recommendations on:
- a model for an independent property-agent regulator, including how it will operate and how it will enforce compliance
- a single, mandatory and legally enforceable Code of Practice for property agents
- a system of minimum entry requirements and continuing professional development for property agents
- clarifying processes and charges for leaseholders
The consultation closes 4 September.
This doesn’t directly concern solicitors so rather than submit a formal response, we wrote a very short letter to say we find the code comprehensive and commendably clear.