10:53 AM, 10th July 2014, About 10 years ago 5
I recall reading something about some new legislation that was coming into force around October (though I cannot find it!) regarding anyone acting as an agent would need to register with a professional body (like The Property Ombudsman) and have Indemnity insurance.
Is this true?
The reason why I am asking is that I rent out my own properties and my families (for free), though I do also offer a tenant find service for a few friends who have properties. With the tenant find service, I just do the viewings – handle the AST’s and protect the deposit (which i return to the landlord). I do charge to find tenants for my few friends if this matters?
If anyone knows that would be great as if it expensive to register with a professional body & take out the insurance, then i will just drop helping my friends out (they are not that good friends :p ).
Any advice would be great.
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