The Minister for Justice and Equality has signed the orders
providing for the establishment of the Property Services
Regulation Authority on 3 April, 2012. The Authority
is established under the Property Services (Regulation) Act 2011
and has a mandate to set and enforce standards in the provision of
property services by auctioneers, letting agents and property
management agents and to provide redress mechanisms for consumers
of those services. The Authority will also have statutory
responsibility for the publication of residential property sales
prices and the establishment and maintenance of a Commercial Leases
Database. The Minister has also appointed a Chairperson (Ms
Geraldine Clarke) and ten ordinary members to the Authority.
Further details are available on the Authority's website, www.nprsa.ie.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
