Propertymark has launched a new compliance service for its member agents.
The offering, called Calm about Compliance, will see experienced auditors advise, educate and inform estate, letting, commercial and auctioneer agents on a one-to-one basis.
Compliance experts will visit agent offices daily to identify areas that are vulnerable to enforcement action and help Propertymark members make the necessary changes they need before they get fined or prosecuted.
They will focuse on areas including anti-money laundering, client money protection, data, and consumer protection.
The initiative is in response to demand from Propertymark members and increased enforcement activity from Trading Standards to provide reassurance and save money for agencies.
Propertymark said in a statement:“This is a heavily subsidised service that has been developed by the professional body to support members.
“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.”
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