Mortgage and Property Investment Magazine Logo

Propertymark responds to findings of latest Regulation of Property Agents enquiry

by | Mar 22, 2024

Share this article

After providing oral evidence to the House of Lords’ Industry and Regulators Committee’s inquiry regarding the Regulation of Property Agents, Propertymark responds to the Chair’s letter to Michael Gove on the Committee’s output to their inquiry. 

Timothy Douglas, Head of Policy and Campaigns, said:

“Propertymark welcomes the Committee’s findings and its recommendations for greater regulation of property agents. The inquiry highlights the importance of regulation and the need to improve consumer protections. It has also clarified the vital role that professional bodies currently play in providing qualifications and ensuring compliance with rules and regulations as well as taking action to drive up standards across the property sector. 


“As Propertymark made clear through the evidence provided to the Committee, it is vital that mandatory qualifications, a statutory code of practice and regulatory oversight exists through a new regulator to ensure compliance with new and impending legislation. The UK Government must not miss the opportunity to act on the recommendations of the Regulation of Property Agents Working Group and build in greater protections for consumers. Recent and proposed pieces of legislation for leasehold, renting and building safety are complex and need to be accompanied by overarching regulation that supports and promotes competent and professional property agents.”

Share this article

Related articles

Sign up to the Mortgage and Property Newsletter

Trending articles

IFA Talk logo

IFA Talk Mortage and Property is the new addition to the IFA Talk podcast family, where we discuss the latest topics relevant to Mortgage and Property professionals.

IFA Talk Mortgage & Property Podcast