Middle wayPosted: July 19, 2013 Filed under: Private renting Leave a comment
A call to force letting agents be upfront about their charges has made all theheadlines but a report published by MPs today is about much more than that.
After complaints from both tenants and landlords about a sector dubbed ‘the property industry’s Wild West’, the cross-party Communities and Local Government committee recommends going further than the government’s plan to require letting agents to belong to an approved redress scheme. They say it should be accompanied by ‘a robust cost of practice that sets out clear standards with which agents are required to comply’ and they recommend that letting and managing agents should be subject to the same regulation – and required to meet the same professional standards – as sales agents.
Read the rest of this post on Inside Edge, my blog for Inside Housing