Nc Real Estate Podcast

This is my third most requested podcast! So, here it is: The process for property sourcing compliance is to set up a business for property sourcing. Ask your accountant to do this. Then you need to register with HMRC that you are a property sourcer, you are classed as an Estate Agent, so you MUST set up as one via HMRC. Next up make sure you have an appropriate complaint handling process in place with a property redress scheme such as The Property Ombudsman, as this falls under the requirements of the Estate Agents Act 1979. A really good guide for Complaints Handling is the RICS Complaints Handling, 1st edition: https://www.rics.org/uk/upholding-professional-standards/sector-standards/valuation/complaints-handling-1st-edition/ You MUST read the Estate Agents Act 1979 - http://www.legislation.gov.uk/ukpga/1979/38 Also read Real Estate Agency and Brokerage 3rd edition – The section on acting for the buyer: https://www.rics.org/uk/upholding-professional-standards/sector-standards/real-estate/real-estate-agency-