The compulsory regulation of lettings agents combined with the introduction of professional standards for all agents could generate over £20 million for the UK economy a year, new research from RICS reveals.
At present, anybody can become a lettings agent without qualifications or any knowledge of the industry.
According to RICS, this means that tenants and landlords are potentially open to unscrupulous practice with no come back - and it is costing the economy millions every year.
RICS' bel...
