In light of the recent pandemic and the economic strain being experienced globally, some companies are proactively looking for ways to help its employees and customers alike.
In the case of the UK's OnTheMarket, the property portal announced via email yesterday that they will offer a 3-month, 33% monthly listing fee discount as a payment support initiative for its agent customers.
OnTheMarket stated that the discount will be given to all OnTheMarket agent customers who are paying on full-tariff listing agreements and that the discount will apply automatically for invoices issued in the three months beginning in April 2020.
The email reads:
We hope that this will go some way towards easing the pressure which agents of all sizes, in both sales and lettings, are anticipating in the coming months against the unprecedented COVID-19 backdrop.
We understand the next few months are going to be tough and, as such, we believe simply deferring the monthly listing fee is not the best way to help agent partners, it is delaying the unavoidable. We believe that offering this discount early will assist agents to control costs in the face of such uncertain times.
OnTheMarket exists because agents had the foresight to want their own portal in order to control their online marketing cost base.
We are resolutely focused on doing everything possible to deliver value to our customers, both in these circumstances and beyond.
OnTheMarket plc is the parent company of Agents’ Mutual, which owns and operates the UK online property portal OnTheMarket.com, launched in January 2015.
Launched in 2013, Agents’ Mutual was formed by several leading estate and lettings agents to create a new residential property portal as a challenger to the two leading portal groups, Rightmove and ZPG.