Is an agent training boom about to start? RoPA website offered for sale at £28k

first_imgHome » News » Is an agent training boom about to start? RoPA website offered for sale at £28k previous nextRegulation & LawIs an agent training boom about to start? RoPA website offered for sale at £28kHuge requirement for training prompted by RoPA recommendations has pushed up the value of the www.ropa.co.uk website to a very high price.Nigel Lewis16th September 20190579 Views The recent recommendations by the parliamentary Regulation of Property Agents (RoPA) working group have sparked huge debates within the industry about what they could mean for sales and letting agents when they become law in three years’ time.But one entrepreneurial bright spark has already jumped the gun and bought up the website www.ropa.co.uk and is now offering to resell the domain address for an eye-watering £28,453 (pictured, right) on www.123-reg.co.uk.The working group’s recommendations have sparked government plans for a new licencing regime for agents, a new regulator to police a code of practice for the industry and a requirement that both sales and letting agents must have a minimum qualification in order to work.It is the final element – agent training – that is likely to be the most lucrative for suppliers to the industry.The Negotiator recently revealed that agents have three years to prepare for the mandatory NVQ Level 3 exams that the new laws will require.These will make it mandatory for front and back-office staff to attain the qualification before they can work in the industry, which will mean thousands of agents who have not achieved it will have to complete training, spawning a huge increase in demand for training.It is this says Jonathan Hopper Managing Director of buying agent Garrington which is likely to have pushed up the price of the RoPA domain name.He says that although RoPA is an official organisation the huge volume of researches for ‘RoPa training’ will put the www.ropa.co.uk at the top of Google searches. September 16, 2019Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more