The Secretary of State may by regulations require a property agent to be a member of—
The regulations may impose requirements about the nature of the membership that a property agent must obtain (for example, by requiring a property agent to obtain membership that results in a particular level of compensation being available).
The regulations shall—
In this section—
"client money protection scheme" means a scheme which enables a person on whose behalf a property agent holds money to be compensated if all or part of that money is not repaid in circumstances in which the scheme applies;
"government administered client money protection scheme" means a client money protection scheme that is administered by or on behalf of the Secretary of State;
"property agent" means— other than a person who engages in that work in the course of the person's employment under a contract of employment.
(a)a person who engages in English letting agency work within the meaning of section 54, or
(b)a person who engages in English property management work within the meaning of section 55,