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TODAY'S OTHER NEWS

Can you lead Propertymark? You have one week to apply

Do you want to run the newly-merged Propertymark, embracing both the National Association of Estate Agents and the Association of Residential Letting Agents?

Well you only have a week to get your application submitted to the head-hunters, who have produced a seven page appointment brief.

Part of it says: “A newly created role, the Chief Executive Officer will be pivotal in ensuring Propertymark meets its strategic plan to become “one Propertymark”, unifying the organisation through the merging of working divisions known to the industry as ARLA (Association of Residential Letting Agents) and NAEA (National Association of Estate Agents).

“Not only will this role lead on transformation and change the way in which the organisation operates, it will play a lead role in shaping the culture of the organisation ensuring the highest of standards are met both internally and externally with its members and stakeholders, placing the consumer at the heart of what it does.

“The CEO is responsible for the overall success of Propertymark and its subsidiaries and is responsible for leading the execution of long-term strategy in line with the company vision and values. They will report into the Chair, and work with the Board of Directors which is currently made up of member volunteers and Non-Executive Directors. The CEO for Propertymark will also be an active member on the Board.”

Surprisingly the brief - prepared by head hunters Saxton Bampfylde - suggests that Propertymark wants someone who does not necessarily have a track record in the lettings industry, or indeed property, although they should have an “interest.”

Instead, the successful candidate will need a track record in regulation and professional membership bodies, as well as showing a willingness to be a leading voice in the sector.

The brief also says: “Central to the future success of Propertymark is an ambitious programme of transformational change, which will see the organisation building on its strong foundations to shape the future culture of the organisation, and ensure the highest standards are met internally and externally, with the consumer at the heart of everything it does.

“Operating in a fast-evolving sector anticipating a number of significant legislative changes Propertymark has the chance to consolidate its position as the industry-leading body, by capitalising on the opportunities such changes will bring.”

You have until noon next Tuesday to apply and the new candidate is expected to be announced in the early autumn.

Here’s the full brief.

  • Andrew Stanton CEO Proptech-PR    Proptech Real Estate Influencer

    Perhaps the new head of the NAEA / Propertymark needs to be a VAT or Tax Inspector as in the recently released NAEA Propertymark annual report and financial statements for the year ended 2019, on page 14, appears this howler ...

    'we (NAEA / Proptertymark) have identified that our tax position was not properly ordered and that has led to a significant payment to HM Revenue and Customs of outstanding VAT which has arisen through misdefinition of our liabilities and exemptions over a number of years.'

    So, how can anyone who has held senior office formerly, including the Financial officer be credible, and how can the NAEA Propertymark laud itself as a fit organisation to 'regulate' and give advice to the government on how estate agency is run, especially concerning financial matters such as anti-money laundering etc.

    In the same report NAEA Propertymark actually congratulates itself, about how important it is, quote,

    ... 'It is clear that those formulating new legislation value the input from Propertymark and indeed seek out information as to market activity and members views. Whilst a formal regulatory regime for the sector is as yet in the future, our strategy is to ensure Propertymark has a role in that future regulated world and will continue to be a regular presence at Government working groups specifically, amongst other aspects on Regulation.'

    My thoughts, it should immediately disclose how much money was paid to the HMRC, including no doubt a sum for interest, also was there a fine. Second it should apologise to the 17,000 members whose subscriptions went into paying off this huge error.

    Third, what role did the financial officer have and is their position tenable, fourth is the recent revolving door of those leaving in anyway connected to the VAT matter or is it other factors. Fifth, at this crucial crossroads in the pandemic new world of business, should this organisation be trusted to advise the government committees on what is appropriate, given its own inability to be financially compliant.

    Lastly, which accountancy firm does the books and have they been changed since the VAT debacle that stretched many years came into focus.

    Matthew Fine

    Are you asking the boys club to come clean, good luck with that!

     
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