Reader poll: Will you raise your fees this year?...

More than half of Estate Agent Today readers have indicated they will raise their fees this year.

Several industry executives have suggested that agents should be charging higher commissions in recent weeks.

Chris Buckler of Keller Williams London Bridge last month revealed how he doesn’t list for less than 2% by showing the value he can offer.

Adam Day, founder of online agent Hatched and now international expansion leader UK for eXp, said earlier this year that agents are worth more than the typical 1% they are now charging and should have fees closer to 2%.

An Estate Agent Today reader poll suggests there is agreement among much of the sector.

We asked if users will raise their fees this year.

More than half or 56% said yes.

Almost a third said no at 30% while 15% were unsure.

Industry leaders last month warned a lack of training and a laissez-faire attitude to leads and listings is preventing agents charging higher fees.

Former Foxtons chief executive and current board member Peter Rollings said agents don’t do enough to prove they are worth 1.25% or 1.5% as they don’t give a good service.
He said: “This a vicious circle as you then don’t employ the right people as you don’t charge the right fee and can’t pay them very much.

“It is not a piece of cake to sell a house now, you really have to be better than the rest.”