In order to manage other people’s assets, estate agents must justify the trust placed in them by property owners.
USPI Geneva has therefore set up a system to monitor the financial status of its members and the required standards are defined in the Regulation for monitoring members’ financial health to allow the Association to be sure that its members are financially sound.
This regulatory framework is complemented by the obligation on members to take out professional third party insurance, third party insurance covering physical and material damage and, for members engaged in property management, insurance against fraud and malicious acts. In accordance with the Regulations covering third party insurance/fraud and malicious acts (Règlement relatif aux assurances responsabilité civile / fraude et malveillance), these policies must meet strict standards and include high minimum cover.
These standards mean that membership of USPI Geneva today is a real Quality Label.