Propertymark has called on its estate and letting agent members to book compliance audits as major legislative changes begin reshaping the property sector.
The organisation said audits are “the most effective way to ensure their business is operating legally, confidently, and ready for the future,” as governments across the UK prepare to introduce new rules around renting reform, material information, energy efficiency and anti-money laundering (AML).
The trade body warned that the pace of regulatory change will directly affect the day-to-day work of property professionals, increasing the importance of strong compliance foundations.
David Oliver, compliance manager at Propertymark, said: “There’s a lot of change on the horizon, and agents who take compliance seriously will be the ones best prepared.
“A Compliance Audit isn’t something to fear, it’s a chance to get expert guidance and make sure your business is future-proofed for the next wave of legislation.”
Propertymark’s audits examine client money protection, anti-money laundering processes, data protection and GDPR, regulations under the Digital Markets, Competition and Consumer Act 2024, and record-keeping and professional standards.
They are delivered by the organisation’s compliance team and designed to help firms reduce risk, avoid costly local authority fines and meet their legal obligations as new laws come into force.
Oliver added: “Our audits aren’t about catching anyone out; they’re about helping agents stay ahead.
“With so much legislative change coming, an audit gives peace of mind that your business is compliant today and resilient for tomorrow.”
Agents who have already undergone audits describe them as supportive and constructive.
One said: “The visit was very worthwhile and made us put time aside to closely examine our procedures. The advice we received was clear and very helpful, and moving forward will assist in making improvements.”
Another added: “I would say to any member that the auditor was friendly and professional, and that it was a positive experience. I would thoroughly recommend.
“As members of Propertymark, we all want to provide the best service, so it’s also reassuring for somebody outside of your own organisation to give you a thumbs up.”
