Property watchdog seeks compensation fund insurance

9th May, 2015

The state’s property industry watchdog is looking for an insurer to protect its compensation fund for consumers who fall foul of rogue estate agents, auctioneers and letting agents.

The Property Services Regulatory Authority (PSRA), which regulates estate agents, auctioneers and letting agents, was set up in 2012.

Tender documents published by the PSRA reveal that it wants to insure its compensation fund, which provides redress for people “who sustain a loss as a result...

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