Agents in conflict with UK real estate consortium portal OnTheMarket have set up a website with plans of a meeting with legal representatives next weekend.
Estate Agent Today reports the disgruntled OTM member agents' convener, training consultant and former Countrywide and Romans manager Iain White, launched otmactiongroup.com over the recent UK Bank Holiday weekend.
Currently, the report says, the site contains only details of a seminar to be held at Haymarket in central London next Saturday morning.
White has said the event will be attended by legal representatives who can advise on next steps for member agents - but he stresses at no point will any agencies be advised on breaking contracts.
“We will have legal representatives there and it may well be that some form of class action will be considered, depending on what attendees want," White tells Estate Agent Today.
"We cannot negotiate individually on behalf of those who want to change their contractual arrangements with OnTheMarket but we will explore if OTM itself has broken its contract with member agents."
It is not yet known how many agents will attend; each company attending is being asked for a £50 contribution to cover costs, and White says in total he has received around 320 emails with separate agents’ issues about OTM.
The report adds White is understood to have paid for the venue out of his own funds and not to have received financial backing from any third party.
Source: Estate Agent Today