Getting accredited: Prerequisites

Becoming safeagent accredited involves a 2 step process:

  1. Step 1 – complete the online application form
  2. Step 2 – complete a pack which includes templates and examples of the documents required.

Part 1: safeagent criteria

Your firm must:

  • Hold current Professional Indemnity Insurance (PII) meeting safeagent requirements
  • Belong to an existing Client Money Protection (CMP) Scheme or become part of the safeagent CMP scheme
  • Comply with safeagent Accounting Standards
  • Operate a dedicated client account
  • Be a member of a Redress Scheme
  • Adhere to safeagent Code of Practice and Service Standards
  • Acknowledge agreement of safeagent Terms and Conditions

Part 2: supporting documentation

  • If your firm has more than one office, you must supply a spreadsheet containing details of all offices of the firm that offer residential lettings and / or management. This list will also need to contain contact details of each office for the safeagent website directory.
  • A Professional Indemnity Insurance (PII) Compliance Certificate from your insurer or broker (Not applicable if you are a member of an existing regulatory organisation).
  • An Accountant’s Declaration or an Accountant’s Report, depending on the length of time the firm has been trading (Not applicable if you are a member of an existing regulatory organisation).
  • A letter from your bank confirming that your Client Account(s) are set up correctly (Not applicable if you are a member of an existing regulatory organisation).
  • A copy of your firm’s Customer Complaints procedure.
  • A copy of your firm’s Terms of Business encompassing the safeagent Service Standards.
  • The safeagent Declaration signed by all Principals, Partners or Directors.
  • Payment of the administration fee, subscription fee and Client Money Protection contribution.
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