Keeping Agents Compliant: Propertymark launches new service
Keeping Agents Compliant: As the leading regulator for the sector, Propertymark launches a new service and is bringing its expertise to agents’ doors.
In response to demand from Propertymark members and increased enforcement activity from Trading Standards, Propertymark members will soon be able to opt to have a 1:1, in depth visit from Propertymark’s team of auditors.
The service, Calm about Compliance is to advise, educate and inform estate, letting, commercial and auctioneer agents on their compliance, focusing on areas including (but not limited to) anti-money laundering, client money protection, data, and consumer protection.
Agents will now be able to book an in-depth appointment which lasts up to three hours, identifying areas that have been overlooked and are vulnerable to enforcement action. Agents will then receive support to make the necessary changes they need to make.
With resources stretched, Propertymark has said that few agents can be up to date on every area of compliance all the time. Calm about Compliance will see visits to agents’ offices daily to identify areas that are vulnerable to enforcement action and help Propertymark members make the necessary changes they need.
David Oliver, Head of Compliance, comments:
“Propertymark members operate in a landscape of piecemeal regulation, sporadically updated and often contradictory. Enforcement action is on the increase and with it, heavy fines.
“Propertymark wants to provide reassurance and save money for agencies. This is an affordable service that has been developed by our professional body to support our members.”
Donna Barrett Smith, Gilson Bailey Lettings Limited, said:
“The visit was very worthwhile and made us put time aside to closely examine our procedures, the advice we received was clear and very helpful and moving forward will assist in making improvements.
“The auditor was friendly and professional and that it was a positive experience I would thoroughly recommend.
“As members of Propertymark, we all want to provide the best service so it’s also reassuring for somebody outside of your own organisation to give you a thumbs up.”
More information on Propertymark’s compliance support services can be found here.
Kindly shared by Propertymark
Main photo courtesy of Pixabay
