Recently, Residential People, a new UK property portal claiming to have 5,000 agents, stated that it is no longer necessary for agents to "rely on the benevolence of online portals" and could instead list their properties free of charge. This comes after OnTheMarket challenged Rightmove to follow suit and freeze its agents' fees.
OnTheMarket revealed this week that it would not increase listing charges in 2020 for any agents currently paying full fees, while agencies which list on only one other portal would get a discount.
“With the outcome of Brexit still up in the air and the deadline looming ever-closer, why add to the uncertainty by relying on the benevolence of online portals to 'freeze their fees' when you can list for free?” asks a spokesperson for Residential People.
“Unlike some other portals, we don't pledge to freeze fees because there are no fees to pay. No cost-prohibitive barriers to entry, just free listings now and forever” he continues.
Read more here.
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