The Importance of Training in the UK Property Sector
News / Blog Susie Crolla News / Blog Susie Crolla

The Importance of Training in the UK Property Sector

In an ever-evolving landscape, training plays a pivotal role in shaping the success of professionals in the UK property sector and the industry as a whole. As the demand for housing and lettings services continues to grow, the need for well-trained individuals becomes increasingly apparent.

Even though it is not a legal requirement for property professionals to be qualified, ensuring that continues professional development (CPD) and on going learning / training, is extremely important. A well-versed negotiator, property manager, estate agent, sales / lettings progressor or administrator can make all the difference to a client and customer, and most definitely impacts the business and agency.

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The Importance of CPD
News / Blog Susie Crolla News / Blog Susie Crolla

The Importance of CPD

Continuing Professional Development (CPD) is a combination of approaches, ideas and techniques that will help an individual manage their own learning and growth. Since the publication of the ROPA working group’s report in 2019, CPD has been at the forefront of many agents training agenda. As the property sector awaits with bated breath confirmation that one day in the future the English Government will legislate making qualification mandatory, CPD has become a staple. The requirement for updates and a need not to be isolated throughout the three lockdowns, saw agents register at least 100 hours on webinars.

Why is CPD so important?

CPD essentially ensures that an individual can continue to be proficient and competent in their profession while also providing them with essential skills that could help them progress with their career.

These terms are often used interchangeably, though there is a distinction. As a rule, training is formal. It’s to do with learning how to do something specific, relating to skill and competence. Development is often informal and has a wider application, giving you the tools to do a range of things and relating to capability and competency. It involves progression from basic know-how to more advanced, mature or complex understanding.  CPD can also be about widening the range of transferable skills like leadership or project management.

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Government Launches Consultation on New Code of Practice for the Property Sector
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Government Launches Consultation on New Code of Practice for the Property Sector

Today the government launched its Consultation on a new Code of Practice (COP) which will be the central point of the work undertaken by the new industry regulator, yet to be appointed.

The COP will set the standards and benchmark with a mission to promote a higher element of faith in the property sector. There are references to transparency currently addressed by the CMA and Trading Standards, Referral Fees, Client Money Protection Regulations, Redress and Complaints, along with the collection and management of data.

This New COP will apply to :

  • Property Sales/Purchases

  • Property Lettings and Property Management

  • Property Auctions

  • Property Guardians, a new initiative used by Landlords, commercial and residential

  • Rent-to-rent

  • International property agents and brokers

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