Agents ‘passing on compliance costs’ as demand for digital ID checks grows
Original Article Summary
Clients increasingly charged for AML measures, according to research
PropMatch Curated Analysis
Estate agents are increasingly passing ID verification and AML compliance costs to clients, with small agencies spending £16k annually on compliance, driving adoption of digital verification solutions.
Investor Relevance
Higher transaction costs from agents passing on compliance fees will reduce net returns on property deals, while understanding this trend helps investors budget for increased acquisition costs and negotiate fee structures
Original Source:
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