Dáil Éireann Debate, Wednesday - 24 October 2012
24. Deputy Sean Fleming asked the Minister for Justice and Equality his plans to expand the remit of the Property Services Regulatory Authority to encompass commercial properties; and if he will make a statement on the matter. [46441/12]
View answerThe Property Services Regulatory Authority was formally established on 3 April 2012 pursuant to the Property Services (Regulation) Act 2011. The Authority consists of a Chairperson and ten ordinary members. The Authority was established to control, supervise and regulate Property Service Providers (i.e. Auctioneers/Estate Agents, Letting Agents and Management Agents) and to set and enforce standards in the provision of property services. The Authority also has statutory responsibility for the publication of residential property sales prices. Specifically in relation to the commercial property sector, the Authority has statutory responsibility for the establishment and maintenance of a Commercial Leases Database. The Authority is currently working on the development of the Database and it is anticipated that it will be launched by the end of the first quarter of 2013. I have no plans at this time to further expand the remit of the Property Services Regulatory Authority in relation to the commercial property sector.
