Estate agency regulations and minimum standards may finally see the light of day after Labour put forward amendments to the Government’s Leasehold and Freehold Reform Bill to introduce Lord Best’s long-awaited Regulation of Property Agents (ROPA) recommendations.
Lord Best’s ROPA working party recommended a new industry regulator and code of practice, compulsory training and licensing, and significantly beefed up enforcement for the agency sector in 2019.
The Government has previously said it is committed to introducing these rules but little has happened since.