Propertymark fees remaining the same in 2024

Trade body Propertymark says fees will remain unchanged next year. 

“We’d like to thank all our members for their continued commitment to raising standards. Our decision on fees demonstrates a commitment by Propertymark to act in the best interests of our members, especially during challenging times, and we look forward to supporting them through 2024” says Nathan Emerson, chief executive.

Client Money Protection fees will also be maintained at 2023 levels. The CMP levy charged to Propertymark firms holding client money is largely determined by third-party premium. 

A statement from the body says: “There are five different associations that make up Propertymark, each offering a tailored membership for a different area of the property sector. Our annual membership subscription offers extreme value for money with a reduced fee for additional membership to other divisions. We onboard student members too, at a reduced rate as they progress to becoming qualified agents.

“Carefully managed reserves and commercial partnerships enable us to support members in delivering a wide range of solutions as well as allow us to subsidise the cost of membership. These all help us provide a protective shield for members as they navigate through ongoing economic challenges.”

And it adds: “Our newly expanded Lettings Helpline, increased policy engagement, bespoke compliance support, exclusive member social media communities, brand new qualifications, a well-resourced digital knowledge hub and an award-winning member magazine, are also included in the cost of membership, delivering maximum value on top of being part of a nationally recognised regulatory brand of credible property professionals.”