We recently held a free webinar designed to provide property investors with essential guidance and important knowledge on how they can utilise the knowledge and skills of professional sourcing agents to build their property portfolios.
We’ve provided the full recording for anyone who would like to understand more on working with sourcing agents, what to expect, and what to watch out for:
Video Sections
- Intro & About Tina / NAPSA [00:10]
- What is a Property Sourcer (…or deal packager, deal finder, deal sourcer etc.) [05:12]
- Why Use a Professional Sourcing Agent [10:20]
- Understanding Fees [15:00]
- The Onboarding Process [22:24]
- Red Flags [30:14]
- Investors Role in Compliance [41:12]
- Critical Questions You Should Be Asking Sourcing Agents [49:00]
- What Makes NAPSA’s Sourcing Agents Different? [52:00]
- Q&A Section [59:00] – please see question list below
Q&A Section Included [59:00]
Question 1 – Answer in video [59:50]
How can a deal sourcer demonstrate that the investor doesn’t want to work with the sourcer, or vice versa? Additionally, how can the sourcer prove this to comply with HMRC regulations?
Question 2 – Answer in video [01:02:00]
If I am an investor and had good experience with my sourcing agent. Then I refer the sourcing agent to my friend and earned referral fee. Do I need to be compliant? How about if I do it in terms of a marketing effort, e.g. I run a newsletter (without any deal marketed)?
Question 3 – Answer in video [01:03:00]
What is investor’s ‘own deal assessment specifications’? What workings do the investors provide to sourcer? a formula, ROI….?
Question 4 – Answer in video [1:06:13]
I am a new property sourcing agent and have PI insurance that does not specify “property sourcing“
Question 5 – Answer in video [ 01:07:00]
Looking for a residential property with some land, which is usually sold off market
Question 6 – Answer in video [01:08:00]
What if sources cant get client account from anywhere?
Question 7 – Answer in video [01:11:00]
Best way to create terms of business please?
Question 8 – Answer in video [01:12:50]
If you believe you have been sold deals by non compliant deal sourcers what time frame would you have to claim back?
Question 9 – Answer in video [01:14:00]
Does JV require a proof of high net worth individual per FCA?
Question 10 – Answer in video [01:15:00]
What does it cost to join NAPSA?
We can answer this one here! Membership, including 1:1 support, a custom member profile, marketing assistant and much, much more just £195 +VAT.
As one of our approved Members mentioned on the webinar “…glad to be a member”
Joining is simple and we’ll walk you through the registration process – you don’t need to be compliant to join NAPSA:
To get started or find out more click here: https://napsa.org.uk/join-us/
Investors: Register For Free
We will send you a digital copy of our investor guide, including a question checklist you should be asking sourcing agents. If you provide us with your location and search criteria, we will also carry out a free match check of our approved agents – or send them to you when they become live.
What is NAPSA – The National Association of Professional Sourcing Agents?
We provide Property Sourcing Agents across the UK with support, guidance and access to training – with the goal of building a compliant and safer environment for investors to utilise.
We wrote and developed the Code of Practice for Property Sourcing, accepted by both Property Redress Schemes as the standard to follow.
Our unique search tool below allows investors to to find and contact compliant and credible property sourcing agents.
Start searching today: https://napsa.org.uk
What Makes NAPSA Sourcing Agents Different?
All of our Members undergo 25 rigorous compliance and professionalism checks to make sure they meet the current national minimum compliance standards.
All checks are carried out by our team directly, with every document thoroughly reviewed before any members become live.
This includes:
- Registrations
- Insurance
- Training
- Legally required document
We also monitor Members throughout the year to make sure all compliance is up to date. Any Members who do not meet this are removed from our platform search function.
We want investors and sourcing agents to build trusting and long-lasting business relationships, which is why we strive to have only compliant sourcing agents operating on our platform.
