RICS Client Money Protection Scheme
'Client Money Protection' (CMP) is a scheme to provide compensation for landlords and tenants when agents misappropriate clients' and tenants' money.
Tudor Estate Agents is a firm which is registered with RICS for regulation and is therefore subject to the RICS Rules of Conduct.
In 2018, as in previous years, we have elected to use the RICS's Client Money Protection Scheme so if you are our client, landlord or tenant your funds are protected.
It is estimated that a large number of letting firms do not offer this protection!
There is a new CMP scheme from 1st April 2019 and full details will be available here shortly.
RICS Regulated Firms with Clients Money are obliged to publish their clients money handling procedures.
25th March 2019