The RICS has refused to be drawn into the row over TDS charging, while staying silent on rumours that it underwrote TDS for £500,000.
www.estateagenttoday.co.uk – Friday 29th January 2010
The organisation – along with the then separate organisations of NAEA and ARLA – backed the launch of TDS when it was a voluntary scheme, available only to RICS, NAEA and ARLA members.
The scheme went on to bid, successfully, when tenancy deposit protection became mandatory.
However, an RICS spokesman declined to comment on any financial details of its arrangement with TDS, saying these were confidential.
