Editor's note: This brief was summarised by The Property AI Team from a report by PropertyWire. Read the original article for full details.
UKPA Launches Committee to Guide Agents on PropTech and Compliance
The UK PropTech Association (UKPA) has established a Residential PropTech Committee to provide estate and letting agents with guidance on technology adoption and compliance management. The committee aims to identify barriers to technology adoption and improve collaboration across the sector.
The committee brings together agents, PropTech firms, and industry bodies, including Propertymark and REACH UK. Its formation responds to rising operational costs, increasing compliance requirements, and changing consumer expectations facing agents.
A pilot scheme will run until December 2026. During this period, the committee will produce research, case studies, and recommendations for Government and the property industry.
According to the report, the committee’s work comes as lettings firms expand their service offerings and adapt to regulatory changes affecting the sector. The findings from the pilot programme are expected to inform future technology strategies across the residential property industry.
Source: PropertyWire