Since its launch last year the SAFEagent campaign has made giant strides in promoting the importance to landlords and tenants of identifying agents who are part of Client Money Protection Schemes.
Back in September 2011 Property Book UK joined the SAFEagent campaign.
What is a SAFEAGENT?
Landlords and tenants often make decisions based on cost but it is important to ensure you ask your agent for details of the organisation they are regulated by and whether they are covered by a client money protection scheme. All agents regulated by NALS, RICS, ARLA, NAEA and the Law Society maintain and operate separate designated client accounts where your money is held completely separate from the operating funds of the firm.
Recognised by Government as a major stride in protecting landlords and tenants high profile organisations such as CAB, The Property Ombudsman and Shelter have added their weight to the campaign.
National SAFEagent Awareness Week taking place from 14 to 20 May 2012 is dedicated to highlighting further the risks to consumers of using agents who are not part of Client Money Protection Schemes and informing on how these risks can be avoided; namely ensuring that they only sign up to letting agents carrying the SAFEagent logo.