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Firms need to check whether they need to register as doing tax advice work to fulfil their obligations under the money laundering regulations.
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:
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.