I thought I'd touch on the importance of being fully compliant within the property industry especially when sourcing deals for clients.
Now lets face it the property industry is a bit of a confusing sector when it comes to regulation, but one thing I do know is when it comes to sourcing we come under similar legislation as an estate agent.
I have invested in the relevant licences required to sell/buy land and properties on behalf of vendors and investors. This involves being a member of the Property Redress Scheme, Professional and Public Liability insurance, Data Protection as well as HMRC Anti-Money Laundering.
Whilst I admit it wasn't cheap to acquire these. I now know that this enables me to show myself as a serious and legally compliant property consultant, which can only put me in good stead when performing my business activities.
I am aware that some don't fully comply and take the risks but this something I would never advocate, its far too risky and if found doing property transactions without the neccessary licences one could be heavily fined or face imprisoment. I strongly recommend researching further about this.#property #propertyinvestment #propertydevelopment #compliance #trmproperty