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TODAY'S OTHER NEWS

PRS redress scheme signs up 5,000th member after two years

The Property Redress Scheme, one of three official redress schemes for the sales and lettings sector, has now signed its 5,000th member after two years in existence.

Recent joiners include the Association of Independent Inventory Clerks (AIIC) and VeriSmart, a market leading smart inventory provider, making it the go to scheme for inventory suppliers.

The London area has the most PRS members with over 1,250 agents across the capital, followed by the south eastern counties of Kent, Surry and Sussex with over 600 members.

The Midlands and Yorkshire account for over 1,000 PRS members as well. Another 100-plus come from Wales, Scotland and Northern Ireland. 

The scheme recently hosted a workshop in Cardiff on the new Rent Smart Wales legislation and operates a 24 hours a day legal helpline for member agents.

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