Published on: Jan 6, 2011
The Property Services (Regulation) Bill 2009 is unlikely to be passed before an election is called, says Pat Rabbitte, the Labour Party’s spokesperson on Justice. Alan Shatter of Fine Gael also believes it will not be “possible to enact this legislation before the election, because of the Government’s failure to act sooner”.
If the bill does not make it across the finish line before an election, plans to license and regulates auctioneers, letting agents and management agents will fall.
The role of the Property Services Regulatory Authority (PSRA) – a body set up five years ago but which will have no teeth until the Bill is passed – will be called into question. And the establishment of a national house price database, a job being given to the PSRA, would be delayed.
You can read the whole article on the Irish Times website.