SAFEAgent Awareness week starts today
Over 3,000 professional lettings agents across the UK will unite for SAFEagent Awareness Week 21-25 May 2018. Now in its seventh year, SAFEagent Awareness Week will remind tenants and landlords to always choose a professional agent who is part of a Client Money Protection (CMP) Scheme run by a regulatory organisation.
Recently Government announced new measures on protecting the consumer and mandatory CMP for letting agents. These included the legal requirement for all letting agents to be part of a CMP scheme and civil penalties of up to £30,000 for those who fail to comply with the scheme.
While the plan to make all agents covered by CMP schemes is a huge victory for the SAFEagent campaign, it has still not come into force and will not do so until 1 April 2019 meaning consumers’ money is at risk if their chosen agent does not have client money protection. SAFEagent Awareness Week 2018 will remind consumers that SAFEagents are well ahead of the game with CMP in place now and already adhering to this requirement.
CB Estates are pleased to confirm that they have voluntarily been members of SAFEagent for several years and hold client money protection insurance for their clients through their membership of ARLA.