With Rightmove’s continued increase in charges to estate agents, more and more agents are signing up to On The Market, the rival property portal.
OTM have a rule which is you can only have two major property portals, between OTM, Rightmove and Zoopla. Zoopla has been the portal that has been dropped for many agents.
OTM, however is currently locked in a courtroom battle with agents including Connells.
On Tuesday, there was due to be a tribunal hearing relating to OTM’s ‘one other portal’ rule. However, there has been no information on this, despite requests for updates.
The number of estate and letting agent offices listing at OnTheMarket.com has grown 10% during the first half of the year, the portal reported yesterday evening.