Professional Property Sourcing Compliance

We are always thrilled when sourcing agents enjoy our courses - and we know this can be a push when it comes to data protection! However, we try our best to make our content as relatable and easy to follow as possible. Make sure your training is topped up and matching your day to day activities: - How are you storing your investor details? - How do you share documents? - What checks are you carrying out on investors? - How do you track proof and source of funds? https://lnkd.in/dXubutzv #propertysourcer #propertysourcingcompliance #propertysourcingcompliancetips #propertysourcingcompliancetraining

As a deal sourcer, when do you need to register your business for Anti-Money Laundering (AML) supervision? Tina breaks down the requirements - decided by HMRC themselves - as to when a sourcing agent should register. https://lnkd.in/d7ZyCFdm #propertysourcer #propertysourcingcompliance #propertysourcingcompliancetips #propertysourcingcompliancetraining

The next Blue Bricks Magazine is now out and it's packed with lots of interesting articles and information, including our own CEO, Tina Walsh, talking about the A, B, C's of material information. Another great read Sam Cooke - Blue Bricks Magazine Editor.

How much does it actually cost to set up your sourcing business? Well, it really depends on what you have in place and what you need: - Insurance policy - pricing will vary depending on your services and requirements - Property Redress Scheme - which you choose - HMRC registration - dependent on people and premises - Training - the provider you choose as costs will vary We say to estimate approx. £2k to set up your business and compliance. You can try our free Compliance Calculator to see what you have and might need + get an estimate cost of getting everything together. https://lnkd.in/eYAD2PPi #propertysourcer #propertysourcingcompliance #propertysourcingcompliancetips #propertysourcingcompliancetraining

Not many people get excited by the thought of studying Data Protection & AML for their business, however it's something all sourcing agents must do each year. Which is why we've aimed to make it as pain-free and relatable as possible. Each video will take the law and switch the perspective for how you follow as a sourcing agent. For just £95 you will be getting both of your legally required training elements ticked off for another year! https://lnkd.in/dXubutzv #propertysourcer #propertysourcingcompliance #propertysourcingcompliancetips #propertysourcingcompliancetraining

Tina created custom and affordable training for sourcing agents, under the goal of helping people understand compliance and the expectations the governing bodies have. This comes after years of running her own sourcing business and realising there was just no support out there. To take steps further, Tina has also created the only National Association for the sourcing sector - NAPSA - designed to show investors that there are compliant and professional sourcing agents to work with. Combining both training efforts with NAPSA, means we give agents a safe and trustworthy space to come to - not only to set up their business but to make sure they stay compliant each year. You can find out more about NAPSA and how Tina is working to develop a more professional sector for us all https://lnkd.in/db-pQUEy #propertysourcer #propertysourcingcompliance #NAPSA #propertysourcingcompliancetraining

HMRC are carrying out inspections on sourcing agents (adding SIC code 68310 will trigger an alert for them) and checking not only your documents but also your understand of day to day processes. Do you know when and how you check and investor for proof and source of funds? What checks do you need to carry out and why? Failing to do so could very well result in a fine, and depending on how long you've traded will dictate how big your fine will be. Make sure you understand how to operate day to day...compliantly. We offer a complete step-by-step online course with video instructions for just £395. https://lnkd.in/dJxRG2yP #propertysourcer #propertysourcingcompliance #propertysourcingcompliancetips #propertysourcingcompliancetraining

Co-Sourcing can be incredibly useful for helping you start your business (get cash in the bank) and grow far and wide to areas you don't actually operate in. What's important when picking your co-sourcing partner(s) is you make sure they are fully compliant - if you don't. You risk the same fines that they get. If you're not sure what compliance is needed, check our Calculator...or send it to your co-sourcer! https://lnkd.in/eYAD2PPi #propertysourcer #propertysourcingcompliance #propertysourcingtips

Courses often teach this incorrectly - the order you should be setting up your business. We can tell you now, the first thing you shouldn't be doing is setting up your business on Companies House. So what is the correct order and why does it matter? There are 10 key steps you should take when setting up your business, including registrations and insurance. The way you do this dictates whether you raise a flag with HMRC or not. Tina has provided guidance here if you're unsure: https://lnkd.in/dNyqnBC5 #propertysourcer #propertysourcingcompliance #propertysourcingtips

Often overlooked as plenty of training companies offer how to 'sourcer'. But how do you know the methods being taught are the compliant way to do things? If you've ever been told: - You can find deals first and investors second - Co-source to get cash first, then get compliant - You only need ICO, HMRC, Property Redress registrations and Insurance to be compliant - You can use an NDA as a contract Then we recommend you take a look at our Day to Day Sourcing course. Created by Tina Walsh, working in direct guidance with both property redress schemes and HMRC's AML team - this will show you the exact process for how to source compliantly, legally and professionally. Avoid potential fines, investor headaches, or co-sourcers running to the hills with your cash. Your business will thank you for it in the long run! https://lnkd.in/dJxRG2yP #propertysourcer #propertysourcingcompliance #propertysourcingtips #propertysourcertraining Boost this post to reach up to 1482 more people if you spend £14. Boost Comment Comment as Property Sourcing Compliance