Step 7 - Join the Property Redress Scheme

A Brief Guide for Self-Employed Contractors with Limited Companies on Joining the Property Redress Scheme (PRS)

Why Should You Join the Property Redress Scheme?

The Property Redress Scheme (PRS) is a government-authorised scheme offering a principal platform for resolving disputes between members of the public and property agents. For self-employed contractors operating a limited company in the property sector, it's crucial to join the PRS for several reasons:

  1. Statutory Requirement: Depending on your activities within the property sector, it might be a legal obligation for you to be a member of a redress scheme. The PRS meets this requirement.

  2. Professionalism and Trust: Membership in the PRS signals to clients and partners that you operate with integrity, transparency, and within the confines of the law.

  3. Dispute Resolution: In the event of disputes, the PRS offers an impartial, efficient, and cost-effective means for resolution, helping you avoid expensive and protracted legal disputes.

How Can You Join?

  1. Visit the PRS Website: Navigate to this PRS link for a comprehensive understanding of the joining process and the associated benefits.

  2. Call for Direct Assistance: Although the process can be initiated online, it's often beneficial to join via phone for a streamlined and guided experience. The PRS team can assist you through each stage and address any queries you might have. You can contact them using the telephone number provided on their website.

Joining the Property Redress Scheme is a proactive step that not only meets statutory requirements but also enhances your company's standing in the property sector. Ensure you take the necessary measures today to be compliant and set your business on the path to success.