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Requirement for Letting Agents to belong to a Client Money Protection Scheme
“The Client Money Protection (CMP) Schemes for Property Agents (Req’t to belong to a Scheme etc.) Regulations 2018” comes into force in 1st April 2019. The act requires that all Letting and Property Management Agents join a Government approved CMP Scheme. Approximately 60% of agents are already registered with a CMP scheme provider, however, some …