Client Money Protection compulsory from April 2019
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The good news is the government have finally announced that it will be a requirement for all property agents to belong to an approved Client Money Protection (CMP) scheme as of the 1st April 2019.
CMP is an insurance product that protects the rental money tenants pay their letting agents to pass onto their landlords and safeguards this if an agent attempts to use client funds fraudulently.
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