It is unfortunate but true that tenants and landlords in UK lose thousands of pounds while dealing with inexperienced realtors who give them wrong advice or are unable to get them a good deal. This poor management of client resources and improper guidance results in hurting the credibility of realtors and losses for the clients.
It is therefore advised to deal only with ARLA registered agents. ARLA letting agents comply with the regulatory standards, such as the NFoPP Conduct and Membership Rules. Any letting agent who breaches these rules is subject to investigation and the agency has the power to initiate response against any member who is found guilty.
These agents are highly trained in their respective field and are licensed. Clients transfer their money in a designated account of these agents, and these accounts are subject to annual inspection. The realtors provide professional service for their clients and if anything goes wrong tenants and the landlord won’t get affected financially.
What choose ARLA agents?
- The ARLA agents are experienced, trained and registered realtors.
- The accounts are independently audited annually and the audit reports are submitted to the ARLA.
- The ARLA agents are those few who are protected by indemnity insurance for professionals. This is a type of liability insurance that protects realtors from any liability claims or claims due to negligence made by a client. It also pertains to the damages awarded in a civil lawsuit.
- ARLA Agents have to mandatorily attend training sessions and hone their skill set from time to time.
- The ARLA agents are in charge of handling the client business in the most professional way possible. These agents understand the complexity of the various rules and legislations albeit the changes in the laws pertaining to the letting. In this manner you as a client, are assured of the best practices.
- The ARLA agents abide by the standards specified by the national professional body for the letting agents.
- The rent in a third party account is protected by the ARLA agent and assist you eventually by means of their expertise to rent and let a home out legally and safely in the UK.