“Not every Tom, Dick and Harry, can become an Estate Agent… “

January 18, 2016

Estate agents to be regulated by new authority – licence will needed in order to take up the profession of Estate Agency in Malta.

The White paper issue only recently in January 2016 shows that estate agents will now require a licence in order to carry out their business with new comers to the industry needing to take courses in order to apply for the licence.

 

Parliamentary Secretary José Herrera is quoted as saying “not every Tom, Dick and Harry, can become a an estate agent”.

Malta’s Property Code Regulations FINAL DOC (2).pdf can be viewed here for more information. The code needs to be taken seriously from now on as there is punishment of fines and even imprisonment should estate agencies not adhere to the new rules.

In an act to clean up the industry or at least to put in to practise more regulations to protect home owners, buyers, renters etc new requirements also include the need to provide full explanation of fees before engaging with client and terms of business.

 

 

Christopher Walkey

Founder of Estate Agent Networking. Internationally invited speaker on how to build online target audiences using Social Media. Writes about UK property prices, housing, politics and affordable homes.

You May Also Enjoy

Estate Agent Talk

How much would Bridget Jones’ iconic London apartment cost today?

How much would Bridget Jones’ iconic London apartment cost today? A new study has revealed that the average price to purchaseBridget Jones’ iconic London apartment in the Borough Market area is now £415,090. The study calculated that this is a price increase of 182% since the first film premiered in 2001. The research obtained data…
Read More →
Love or Hate Rightmove
Breaking News

Rightmove House Price Index: Record number of sellers in promising start to 2025, but uncertainties ahead

The average price of property coming to market rises by 1.7% (+£5,992) this month to £366,189, the largest jump in prices at the start of the year since 2020: New seller asking prices are still nearly £9,000 below May 2024’s record, reflecting buyer affordability constraints A record number of early-bird new sellers have come to…
Read More →
Breaking News

Zoopla identifies housing markets with best prospects for house price growth in 2025

New analysis from Zoopla, one of the UK’s leading property websites, reveals that housing markets in Scotland and Northern England have the best prospects for house price growth in 2025, as Southern England continues to adjust to the impact of higher mortgage rates. Housing markets in Scotland and Northern England have the best prospects for…
Read More →
Estate Agent Talk

Shared Ownership vs. Traditional Mortgages: What’s the Difference?

Buying a property in Guildford is a significant decision, and choosing the right method of ownership is crucial. Two popular options available to buyers are shared ownership and traditional mortgages. Understanding their differences can help you decide which suits your financial situation and property aspirations. What Is Shared Ownership? Shared ownership is a government-backed scheme…
Read More →
Rightmove logo
Breaking News

Rightmove’s weekly mortgage tracker – 16/01/25

Average mortgage rates drop despite mixed economic news   Commenting on the drop in average rates this week, Rightmove’s mortgage expert Matt Smith says: “Despite all of the economic news we’ve had this week, average rates have fallen. It shows that despite the challenges affecting the mortgage market at the moment, lenders are keen to…
Read More →
Breaking News

Breaking Property News 16/01/25

Daily bite-sized proptech and property news in partnership with Proptech-X. Prolonged corporate distress and uneven 2025 recovery Corporate distress levels in Q4 2024 showed signs of stabilising compared to the same period in 2023, but they remain above the long-term average, according to the latest Weil European Distress Index (WEDI). The report forecasts an uneven recovery…
Read More →