The Royal Institution of Chartered Surveyors (RICS) and the Property Ombudsman (TPO) are consulting on a new Draft Code of Practice for Residential Property Agents.
RICS and TPO are inviting comments on the content and clarity of the draft code.
The Regulation of Property Agents (RoPA) code steering group was set up in December 2019 to develop an overarching code to the standards envisaged by the RoPA working group chaired by Baroness Dianne Hayter.
This follows the recommendations made by Lord Best in the final report of the Regulation of Property Agents working group published in 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
We encourage anyone with an interest in residential property to respond.
The consultation closes on Friday 4 September 2020.