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Explain The National Property Regulatory Authority's Code Of Practice

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(National Property Regulatory Services Authority)

www.dublinlettings.com are registered with the Property Regulatory Authority and have signed up to the Property Regulatory Authority's code of practice.

New legislation shall apply to the regulation of all property services providers. These are persons involved either as corporate bodies, partnerships, sole traders or employees in :

The purchase or sale, by whatever means, of any estate or interest in land (including buildings) wherever situated;
The auction of private property other than land;
The letting of any estate or interest in land wherever situated;
The provision of property management services;
Thus Auctioneers, Estate Agents, Letting Agents and Property Management Agents will be …show more content…

The Authority will have power to sanction a licensee up to and including the suspension or revocation of a licence. Where it considers it necessary, the Authority may bring a prosecution against a licensee which may result in either a large fine or imprisonment or both. Where a person suffers a loss due to the dishonesty of a licensee the Authority may award compensation from the "Compensation Fund" which it will be required by law to maintain. All licensees will be required to pay into the Compensation Fund.

Property Regulatory Authority CODE OF PRACTICE

One of the functions of the Authority is to set standards for the provision of property services. A Code of Practice sets such standards of ethical behaviour and details how property services providers should deal with each other, their clients and the public.

The Authority has produced a Code of Practice for Property Services Providers (Auctioneers and Estate Agents) which can be downloaded here.
This Code sets out the minimum standards to be expected of Auctioneers and Estate Agents in the provision of property services. If you are concerned that an Auctioneer/Estate Agent has not applied these standards, check the Public Register of Licensees to see if he/she has subscribed to the code. If he/she is recorded as having subscribed to the Code, you can make a complaint to the

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