Agents confused over new licensing scheme

Agents confused over new licensing scheme

Tom Lynch of the Property Services Regulatory Authority

THE MAJORITY of the 5,000 applications by estate agents for licences from the Property Services Regulatory Authority (PSRA) have been returned because they are incomplete, according to Tom Lynch, chief executive of the authority.

“We are in the process of ploughing through the 5,000 applications and while we haven’t returned all of them, we have returned over 50 per cent.”

Under the Property Services Regulation Act 2011, all estate agents, auctioneers, and property management agents had to apply to the PSRA for a licence by July 6th. However, it appears that many agents have been left confused by the comprehensive level of paperwork required.

Read more in today’s Irish Times.

Source: Edel Morgan / The Irish Times

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