Consumers, Estate Agents and Redress Bill [Lords]

The hon. Lady knows the answer. No, she did not miss it. There is no mandatory requirement in the Bill, because if the level were set too high it could operate as a barrier to market entry. I emphasise again the importance of not erecting unnecessary barriers as the impact would be to raise prices for consumers, which would be unhelpful. Nevertheless, such a requirement is a feature of the two schemes I mentioned.