The right hon. Gentleman raises a good point, but there is also a good answer. The Government are proposing an amendment in lieu of Lords amendment 40, which, as he said, subjects letting and management agents to the Estate Agents Act 1979. The amendment made to the Bill at present would not properly achieve the effect of requiring redress. It would impose undue regulatory burdens by making such provision much broader. The requirements of the 1979 Act are rightly onerous, because purchasing a house is something that people might do only once or twice in their lifetimes and it involves a huge sum of money. There is therefore a strong case for significant levels of regulation, which is not made in quite the same way for letting agents, where redress is the most important element.
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