Today marks the start of SAFEagent Awareness Week 21-25 May 2018. 3,000 professional SAFEagents are uniting for the week – celebrating consumer protection.
Now in its seventh year, SAFEagent Awareness Week reminds tenants and landlords to choose a professional agent who is already part of a Client Money Protection (CMP) Scheme run by a regulatory organisation.
Ensuring all agents are covered by CMP schemes – with civil penalties of up to £30,000 for those who fail to comply is a huge victory for the SAFEagent campaign. However, it is not a mandatory requirement until 1 April 2019 – meaning consumers’ money is at risk now if their chosen agent does not yet have client money protection. SAFEagent Awareness Week 2018 reminds consumers that SAFEagents are well ahead of the game with CMP in place now and already adhering to this requirement.
John Midgley, Chair of the SAFEagent Steering Group, says:
“SAFEagent’s original aim – to make it mandatory for all agents be part of a client money protection scheme is finally close to becoming reality. Over the past seven years the agents who got behind the SAFEagent campaign have been instrumental in getting us to this stage. They should quite rightly be proud they have been the standard bearers for this important protection for tenants and landlords’ money.
“As the requirement doesn’t come in until April 2019, we’ll continue to raise awareness with consumers, reminding them to vote with their feet, and only use an agent who can offer them financial protection now.”