Estate Agent Today reports over 60 estate agencies have signed up to attend the OnTheMarket Action Group seminar planned in central London to be addressed by legal representatives who will discuss portal contractual issues.
The report says another 25 have expressed interest in being involved in a possible class action or ongoing campaign which may emerge from the event, being held on Monday.
Each agency attending has paid £50 to cover the costs of the venue, and the event has been organised by training consultant and former Countrywide and Romans manager Iain White, who set up the informal action group last month.
A website for the event went live last week.
Estate Agent Today reports White as saying the group has agencies from across the UK attending and he anticipates the number may rise with additional attendees expected to contact him over the weekend.
According to White, the seminar's aim is to explore legal options open to agents acting as a group, although any agreed course of action is unlikely to be made public.
The Estate Agent Today report adds White believes there may be as many as 80 agencies either currently involved in some form of case-by-case contract renegotiation, legal dispute concerning OTM, or considering their own individual legal action.
White continues to maintain the role of the group is not to recommend any agents to break their existing contacts with OTM.
In related news Estate Agent Today points out the UK Competition and Markets Authority has published guidance aimed at making it easier for victims of competition law breaches to claim redress.
Companies or individuals who believe they have suffered as a result of breaches in competition law now have a ‘fast track’ route to bring a complaint to the Competition Appeal Tribunal at a lower cost than before: the CMA says this is particularly attractive to smaller firms who feel they may have been disadvantaged by other firms’ breaches.