Estate and letting agents can take out a compliance audit in a bid to acclimitise to new regulation, which includes rules around enting reform, material information, energy efficiency, and anti-money laundering.
Propertymark’s compliance audits provide members with a thorough, supportive review of their processes, covering: Client Money Protection (CMP); Anti-Money Laundering (AML); Data Protection and GDPR; Digital Markets, Competition and Consumer Act 2024 regulations; and Record Keeping and Professional Standards.
David Oliver, compliance manager at Propertymark, said: “There’s a lot of change on the horizon, and agents who take compliance seriously will be the ones best prepared.
“A compliance audit isn’t something to fear, it’s a chance to get expert guidance and make sure your business is future-proofed for the next wave of legislation.”
The audits are conducted by Propertymark’s compliance team and are designed to help agents avoid hazards that regularly generate tens of thousands of pounds in local authority fines.