10% of agents have already left Rightmove, says poll of campaigning firms

first_imgHome » News » COVID-19 news » 10% of agents have already left Rightmove, says poll of campaigning firms previous nextCOVID-19 news10% of agents have already left Rightmove, says poll of campaigning firmsThe Say No To Rightmove campaign, which is leading a group including three other organisations, says a further 7% are waiting for their contracts to end.Nigel Lewis29th April 20201 Comment2,371 Views A survey of members within the four ‘agents unite’ groups lead by Rob Sargent’s Say No To Rightmove Campaign has revealed that 10% have already left the portal.Also, a further two thirds will leave if there is no extension of the 75% fees reduction Coronavirus deal, 7% are waiting for their contract with the portal to expire and just 2% are happy with its service.If this trend is being replicated across the industry outside of the four groups, which are almost exclusively representative of single and multi-branch independent agents, then Rightmove will have seen some 1,000 to 1,200 estate agents quit its platform in recent months and that a further 850 will join them soon as contracts expire.The number of agents listing on the portal has already been dropping. Its latest annual report revealed that customer numbers were down 3% to 19,809 and that a steeper drop in agents had been offset by an increase in developers listing on its platform.The results of the survey have been published within a briefing document for investors prepared by City consultancy Jefferies, written by Giles Thorne and Sebastian Patulea.The pair claim that the campaign is picking up between 60 and 70 estate agents a day which means, by the end of the 75% deal offered by Rightmove due to end in July, it will have 5,000 branches signed up.Jefferies reports that the campaign is picking up support because there is a ‘groundswell of resentment, built up over a decade, towards paying ever-higher amounts’ among agents.Read yesterday’s interview with Rob Sargent.Say No To Rightmove Rob Sargent Rightmove April 29, 2020Nigel LewisOne commentMurray Lee, Dreamview Estates Dreamview Estates 29th April 2020 at 8:42 amIf thats not getting the message across I dont know what is!Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021last_img read more