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Compliance in a Box

One months free trial for Relocation Agent Network members, register using the form below or by contacting us on 01524 220013

ETSOS has developed a range of products that have been designed to help you comply with the ever increasing burden of regulation. ETSOS is your complete compliance partner and our products, which can all ordered on-line and tracked via one screen in a matter of seconds, are designed to help make regulation compliance simple and hassle free. Outlined below is the range of products that you can order either as a bespoke pack or on an individual basis.

compliance in a box

Consumer Protection Regulations (CPRs)

The regulations stipulate that the Agent and seller must supply full and accurate information about the property across a broad range of areas all of which may affect the decision of the purchaser to buy the property. Failure to do so will expose the agent or seller to prosecution.

ETSOS’s unique compliance products help you comply with the CPR’s requirements and enable you to collect the required information through an efficient and easy to use ordering platform. If ordered as a pack the product are bundled and branded being returned to you as a PDF and web link enabling you to include it in your electronic sales particulars. Example Pack

The compliance range includes:

  • Pre-sale electronic questionnaire designed to ask the questions of the homeowner that the would affect the ‘average purchaser’
  • Property hazard checker to identify possible environmental hazards that affect the area the property is in and may require further investigation from the buyer
  • Title plan, where the property is registered, to confirm the extent of the boundary upfront
  • Register of Title, confirming ownership, tenure and any restrictive covenants
  • Copy of The Lease if Leasehold

Anti Money Laundering Regulations

  • Title search to determine the beneficial owners of the property
  • If the property is owned by a company a shareholder an directors search to determine the beneficial owners of the company, so property as per OFT guidance
  • Instant online AML check to verify the identity of the property owners and check their name against government watch lists

We can also provide online and face to face training to ensure your staff are up to date on the latest requirements and how they tie in with the systems above.

 

Register for more information

 

Verification

 

We greatly appreciate the efficient service ETSOS provides. We know that the time between placing an order and receiving the EPC and floor plans will be minimal, and that if there is any kind of query it will be dealt with usually within the hour. Keep up the good work.   Kyle Blue – PF&K

The client and experts view...

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Latest newsspeech Bubble

Crack down on AML with “Flag it Up”

The government have moved to crack down on Money Laundering in the UK with a new campaign focusing on the accountancy, legal and property sectors. (more…)

How to write your AML risk assessment

The Money Laundering Regulations require estate agents to risk assess their business relationships and apply an appropriate level of investigation to ensure that they understand who their customer is, and why they are involved in the transaction. (more…)

Fines for failure to identify beneficial owners

Agents are falling foul of money laundering regulations by not having a process in place to identify third party ownership and beneficial owners. (more…)

NEWSFLASH: Funding doubles for industry regulator

The government have announced a significant funding increase for property industry regulator the National Trading Standards Estate Agency Team (NTSEAT).

There has long been criticism of a lack of resource in the team whose responsibility it is to police and enforce various regulations estate agents are governed by; including the Estate Agents Act 1979 and the Consumer Protection from Unfair Trading Regulations 2008 (CPRs). (more…)

£22.5k fine for estate agent…

A recent news story highlights the risks posed by the Consumer Protection from Unfair Trading Regulations, otherwise known as CPRs. (more…)

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