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Members of Propertymark now have the chance to expand their services in England and Wales through changes to the Charities Act legislation allowing NAEA Propertymark agents with a fellowship grade qualification to sell charity land.
Previously only members of the Royal Chartered Institute of Surveyors (RCIS) were able to conduct advice for charities wishing to sell land, with charities needing a report from the RICS, before entering into an agreement of sale.
Through working with UK government departments, the Charities (Dispositions of Land: Designated Advisers and Reports) Regulations 2023 remove restrictions on who can sell land for charitable organisations and now allows NAEA Propertymark members at fellowship qualification grade to provide advisers’ reports.
This follows recommendations from the Law Commission to expand the category of advisors to include the National Association of Estate Agents (NAEA Propertymark) meaning that Propertymark agents will be able to provide reports and sell charity land from 14 June 2023.
Propertymark’s head of policy and campaigns, Timothy Douglas, said this change in legislation will provide charities with a greater choice in who can assist in the selling process.
He explained: “This landmark change means that NAEA Propertymark members who hold fellow grade status can now undertake this valuable work, expand their services and support charities with a faster, more seamless selling process, while further cementing our industry’s indispensable role in the charitable sector.”
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