Property sourcers find properties for investors, typically for a sourcing fee. The Property Ombudsman and RICS have codes of practice. Sourcers who handle client money or introductions may need FCA authorisation if the deal constitutes a regulated mortgage contract. Always seek independent advice.

• Property sourcers are not regulated by RICS unless they choose to be
• FCA authorisation may be needed if arranging mortgages
• Clear payment terms prevent disputes — fee on introduction or on completion?
• Exclusivity: ensure the sourcer is working only for you or discloses conflicts
• Refund policy: what if the deal falls through?

Legal reference: Estate Agents Act 1979; Property Ombudsman Code; FCA MCOB (if mortgage involved)