Agents view audits as an opportunity to strengthen everyday practice, and the visits are increasingly recognised as a practical tool that supports high standards across the sector with clear and practical advice—not criticism—provided to help confidence and avoid penalties that could have a serious impact on businesses.
Members’ experiences in their own words
What audits cover
Audits review how firms manage record-keeping, documentation, client money handling and compliance procedures. Focus areas typically include anti-money laundering (AML), client money protection (CMP), and data and consumer protection. Visits last approximately three hours and can be conducted on-site or virtually, followed by a written summary that outlines strengths and areas for improvement. The feedback is designed to offer assurance and guidance, helping firms meet standards confidently rather than addressing issues after the fact.
With increasing legislative demands—including the Renters' Rights Act 2025, the Housing (Scotland) Bill, Leasehold Reform, and potential changes to home buying and selling—agents must stay informed and compliant. An audit would help alleviate these pressures so businesses can focus on managing and selling properties.
Prevention, not penalties
Propertymark audits improve systems and reduce the risk of enforcement action. As highlighted in From Fines to Fraud: What’s at Stake when Agents Fall Short, failures in record-keeping and client money controls can lead to significant penalties. Early intervention helps firms demonstrate good practice and protect their reputation.
Booking an audit
Individual members can book a desk-based or face-to-face audit by emailing the compliance team.
Subscribers to Propertymark’s Company Advantage Scheme operate under our simplified regulatory framework, which includes periodic inspections, the opportunity to ask questions and resolve any concerns before they become an issue. They can also access Compliance Café—a collection of in-depth videos on emerging issues, FAQs, insider tips, and a monthly bulletin highlighting legislative changes and guidance that directly impact the sector.
Compliance Café
Helping you to stay ahead of regulatory changes, support your clients, and maintain a competitive edge with our expert resources.
Continued compliance support
Propertymark members have access to a wide range of guidance, news updates and professional resources covering regulatory changes, best practices, legal requirements and sector reform. Staying up to date with this material—alongside regular audit visits—helps agents adapt their processes with confidence as expectations evolve.