Tag: Agents Mutual


Zoopla wins back 1,000 agency branches

Zoopla wins back 1,000 agency branches

The Zoopla Property Group (ZPG.co.uk), owner of real estate platforms Zoopla and PrimeLocation, announced it has won back more than 1,000 agency branches that had defected to rival OnTheMarket.com.

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Changes at the top for Agents’ Mutual, OnTheMarket

Changes at the top for Agents’ Mutual, OnTheMarket

British real estate association Agents' Mutual has appointed Chris Bell, former CEO of gambling company Ladbrokes, as non-executive director. While its classified portal OnTheMarket.com has signed a five-year agreement with Arun Estates.

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OnTheMarket appeals to agents to be loyal

OnTheMarket appeals to agents to be loyal

OnTheMarket.com, the U.K. real estate platform founded by Agents' Mutual, is encouraging its members to sign five-year contracts to boost its chance of a successful float on the London Stock Exchange.

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Rightmove most profitable in world – DelPrete

Rightmove most profitable in world – DelPrete

Top British classified Rightmove.co.uk is the world's most profitable real estate platform. Mike DelPrete, an industry expert and senior consultant of the AIM Group, made an in-depth analysis of global property sites. He concluded that Rightmove's 75 percent EBITDA margin (on earnings before interest, tax, depreciation, and amortization) made it the world's most profitable real estate site. 


UK High Court approves OnTheMarket float

UK High Court approves OnTheMarket float

The U.K. High Court of Justice Chancery Division formally sanctioned the member vote of Agents' Mutual in favor of floating OnTheMarket.com on the London Stock Exchange (LSE). This was the final legal step for the proposed IPO, and the path is now clear for the company to plan its listing on the LSE.

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Agents react to Rightmove listing-fee hike

Agents react to Rightmove listing-fee hike

Leading U.K. real estate site Rightmove.co.uk raised its listing fees, so agents will pay up to £1,750 ($2,300 U.S.) per month for advertising on the site. There are two lower tiers of pricing: the 'essential' package for £1,000 per month, and 'enhanced' for £1,450.


Agents’ Mutual votes for OnTheMarket to list

Agents’ Mutual votes for OnTheMarket to list

OnTheMarket.com, the U.K.'s third-largest property site, will float on the London Stock Exchange (LSE) following a vote by members of the parent company Agents' Mutual. The vote still has to be confirmed by a court on Monday. But, this is simply a formality. 

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Decision imminent in OnTheMarket court case

Decision imminent in OnTheMarket court case

The long-running case in the Competitions Appeals Tribunal on the legality of the 'one-other-site' rule imposed on estate agents by U.K. real estate vertical OnTheMarket (OTM), came to a close last week and a decision is awaited.

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OnTheMarket listing condition to be tested in court

OnTheMarket listing condition to be tested in court

FT reported that OnTheMarket brought a legal challenge in the High Court against two of its agents who allegedly flouted its one-other-portal rule and listed properties with its competitors.

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