The Property Services (Regulation) Act 2011 established the Property Services Regulatory Authority to control, supervise and regulate Property Services Providers (i.e. Auctioneers/Estate Agents, Letting Agents and Property Management Agents). Any person wishing to provide a property service must be licensed by the Authority and meet certain minimum qualification standards. The new PSRA licensing system came into effect on 6 July 2012.
A key role of the Authority is to set and enforce standards in the provision of property services by Property Services Providers.
I have no plans at this time to amend the Property Services (Regulation) Act 2011.