Estate Agency News
Lettings agents earn more than sales agents, reveals salary survey
Just over one in ten estate agents earn over £100,000, according to a survey by Rayner Personnel, while more than a quarter take home less than the UK average salary.
Purplebricks offloads Canadian business for £35m
Purplebricks is refocusing on its domestic UK market "where there is substantial opportunity to grow its market-leading hybrid model."
KF saw more offers accepted in June than in any other month of the last 20 years, smashing the previous record by 46%
There's been an extraordinary release of pent-up demand in the sales market since lockdown restrictions were lifted. "The uncertainty is how long it can last," cautions Knight Frank.
Countrywide investor pitches major employee share giveaway; warns ‘the company may not survive current challenges’
Jeremy Hosking has called on Countrywide Chairman Peter Long to hand staff 15% of the company "as an incentive to spark a turnaround."
ESTAS to combine awards events
The combined ESTAS Awards event for estate agents, conveyancers and mortgage brokers is scheduled for 14th May 2021.
New chief for Fine & Country in South Africa
Linda Erasmus moves on to become an International Ambassador for the Fine & Country brand, while Stephen de Stadler takes over the South African operation.
Belvoir takes over The Nottingham’s estate agency business
Estate agency Belvoir Group has signed a "strategic alliance" with building society The Nottingham.
Hunters opens Central London office in Aldgate
National estate agency group has launched two new franchised offices, in London and Manchester.
Propertymark to restructure as NAEA boss steps down
Mark Hayward, boss of the NAEA, is to retire after seven years in charge. His departure is prompting a restructure of the parent Propertymark organisation.
‘Almost 500’ agents sign up to OnTheMarket’s share giveaway
At the end of April - during the Covid-19 lockdown - the property portal started handing out shares in the business as welcome gifts with new listing contracts.
Charlie Willis & Rupert Collingwood on turbo-charging the American brokerage model for the UK market
PrimeResi meets the duo behind The London Broker - a collective of over 20 independent agents, including some high-profile PCL operators - to discuss their US-flavoured business model, the importance…
Work starts on a new code of practice for the whole residential agency sector
Baroness Hayter has been appointed to chair the new Code of Practice Steering Group, led by the RICS and TPO, that will follow through on recommendations made by Lord Best's Regulation of Property Agents…