Guides to the rules an Irish agency works under
Two practitioner guides to obligations that carry real penalties: PSRA licensing under the Property Services (Regulation) Act 2011, and anti-money-laundering duties under the Criminal Justice Act 2010. Both cite the legislation section by section, and both carry the date they were last read back against it. They are practical summaries, not legal advice.
PSRA compliance: a practitioner guide
The Property Services (Regulation) Act 2011 turned into dated obligations — the four licence categories (A to D), the 24 September renewal deadline for a 5 November expiry, 5 hours minimum annual CPD through IPAV, PAI or SCSI, the two seven-working-day letter-of-engagement clocks under s.43, the advised market value and underquoting ban (ss.55 to 57), the six-year record retention under s.44 and every offer under s.61, client money rules, and sanctions up to a €250,000 penalty. Covers the €1,000,000 minimum professional indemnity cover for each and every claim that S.I. 699 of 2024 has required since 3 March 2025, and the saver that leaves a period of indemnity commenced before then on the old terms; and the Qualifications Regulations 2026 (S.I. No. 279 of 2026), which set four alternative routes to a licence but do not come into operation until 1 July 2028, so the 2012 Regulations still govern an application made today. Section references read against the Law Reform Commission's revised text of the Act; facts verified against psr.ie, the Irish Statute Book and Citizens Information.
Last reviewed .
AML checks for estate agents in Ireland
What the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010 requires of estate agents as designated persons under s.25(1)(f) — CDD timing (before the letter of engagement; €15,000 occasional transactions; €10,000 monthly rent for letting agents), enhanced and simplified due diligence, beneficial ownership, the two separate risk assessments, suspicious transaction reports to both FIU Ireland (goAML) and Revenue (ROS), the five-year retention floor under s.55 and the s.55(7B) deletion duty, and penalties. Then the EU AML package date by date rather than as a single deadline: Regulation (EU) 2024/1624 applies from 10 July 2027 under Art 90, except for football agents and professional football clubs (Art 3, points (3)(n) and (o)), who are not caught until 10 July 2029; Directive (EU) 2024/1640 has no single transposition date but four staggered ones under Art 78 — Art 74 by 10 July 2025, Arts 11, 12, 13 and 15 on access to the central beneficial-ownership registers by obliged entities by 10 July 2026 (a deadline already passed), the rest by 10 July 2027, and Art 18's single access point to real estate information by 10 July 2029. AMLA's seat is fixed by Art 4 of Regulation (EU) 2024/1620, which puts it in Frankfurt am Main and has applied since 26 June 2024 — Art 108 sets 1 July 2025 as the general application date but lists Art 4 among the articles running from entry into force. It supervises nobody yet: it only commences its first selection process by 1 July 2027 under Art 13(4) — and an estate agent can never be on that list at all, since only credit and financial institutions qualify under Art 13(1). Facts verified against EUR-Lex, the Irish Statute Book and psr.ie.
Last reviewed .