Many property agents no doubt feel stressed at times about their compliance requirements, and dealing with HMRC and Trading Standards can feel like a headache.
With continuous concerns from agents being reported surrounding GDPR privacy policies, Complaints Handling Procedures and material information, Propertymark has launched Company Advantage packages for its members. Not only will the new packages include detailed compliance support, but they will also provide a host of other benefits which will vastly outweigh the cost, delivering a far higher return for property agents.
Company Advantage was formed in response to member demand to save businesses time and money and generate income via collaboration throughout the professional network. The support packages will benefit many businesses, and the professional body is using the overall buying power of Propertymark members to negotiate services at a better rate than commercially available.
This represents a further step up from the Calm About Compliance service that is available to all Propertymark members. The service as part of Company Advantage offers compliance support services to deliver confidential reports on easy-to-follow actions to ensure property agents’ compliance.
Propertymark’s fresh compliance structure will mean most Company Advantage businesses will complete a more detailed annual return, communicate directly with Propertymark’s compliance team and receive a periodic inspection where you can discuss any queries, which removes the need for a costly accountant’s report.
The service will also provide a helping hand to navigate the complexities of compliance via FAQs as well as other useful advice to help businesses implement fast fixes and respond quickly to ensure their compliance. Propertymark’s compliance auditors discuss regulatory subjects and simply explain the compliance world to property agents, and how they must adhere to avoid penalties and work smarter.
Furthermore, the Client Money Protection (CMP) offered as part of Company Advantage is the best CMP product on the market, especially as this is a compulsory requirement for property agents holding client funds in Scotland, England and Northern Ireland.
David Oliver, Head of Compliance at Propertymark, said:
“Company Advantage is going to further leverage agents. The sometimes, complex compliance elements, agents have to face will be simplified as part of a huge array of benefits looking to amplify agents and reduce costs.
“By upgrading their member status to Company Advantage, agents will be avoiding costly accountancy reports and they will receive exclusive support from our 5-star inspection team. With legislation becoming increasingly complex, many property businesses will benefit from detailed support on how they can ensure they are complying with the law.”
To find out more about the benefits of Company Advantage such as comprehensive professional indemnity insurance, customer due diligence checks, and much more, use this link here: Company Advantage | Propertymark.
To join Propertymark and find out more about the array of membership benefits, such as access to the professional body’s Lettings Helpline and continuous legislative guidance, visit: Become a member | Propertymark.
