The new code is out for consultation until 4 September
A proposed code of practice for property agents is now out for consultation, so block managers can take a look and comment on the proposals. These include 14 recommendations made by Lord Best in his Regulation of Property Agents report published last year. The code proposes a set of principles underpinning the professional standards that will be expected of residential property agents in the future.
The Code is split into two sections: 'Dealing with consumers' and 'Managing businesses and staff' and it applies both to the conduct and behaviour of agency firms and to agents as individuals. It will apply to anyone working in property sales and to lettings agents and property managers, as well as to auctioneers and property guardians. The code will also sit above the sector-specific codes that already regulate agents working in particular markets such as leasehold, retirement housing and build-to-rent.
The 14 recommendations are:
Author : Mary-Anne Bowring
(Weekly, fortnightly or monthly)