Most letting agents not meeting client money protection rules
Original Article Summary
Failing to display CMP certification can lead to fines of up to £5,000 from Trading Standards
PropMatch Curated Analysis
62% of letting agents fail to clearly display required Client Money Protection certification online, creating trust issues and potential £5,000 fines. New 'TLP Assured' initiative aims to improve compliance transparency ahead of Renters' Rights Act.
Investor Relevance
Landlords need to verify their letting agents properly display CMP certification to ensure fund protection and avoid working with non-compliant agents. Poor compliance visibility may indicate broader operational issues and increased regulatory risk.
Original Source:
Property Industry EyeStay Updated
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