Solicitors’ company Tollers says more than 50 estate agents have now formally instructed it in relation to claims against Agents’ Mutual, the parent company of OnTheMarket.
A statement over the weekend from Tollers partner Ian Carson says: “We are are pleased to be offering our services to represent a significant number of estate agents who feel aggrieved at the actions taken by Agents’ Mutual. We are in the course of preparing the claim which we will be putting to Agents’ Mutual shortly.”
Carson also confirmed that his practice is seeking any other agency that wants to join the action. “If any other affected parties want to find out more about the Action Group, they are welcome to attend one of three information sessions I’m hosting in Birmingham, Manchester and Leeds” he says, seeking them to register on the action group’s website.
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Will be good to see what happens now a legal case is looming.
Additionally, what have the CMA been doing since making clear they were on the scene back in April.
Indeed, the presentation handout did show a scale of fees, discounted to early adopters
AM are not offering lower fees. They are having a sale. Nothing wrong with that - everybody does it.
@ Hafsid. No smoke without sparks. Guess the protest barristers must have seen something irregular.
Onwards for sure AM/OTM have cartel like/ anti-competitive retraints in place which is a NO NO.
Initially OTM did sell their services under the promise to adhere to a fix fee structure that saw early adopters receive slightly lower fees - circa £400pcm.
My most recent sales call from OTM offered membership for just £50pcm.
Existing loyal members are still paying the original higher rate.
Had I been an early subscriber I would have felt mislead.
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