Home sellers could escape estate agent fees under Government plan to free up property websites | Mail Online

Home sellers could escape estate agent fees under Government plan to free up property websites | Mail Online

Home sellers will more easily be able to avoid handing over thousands in fees to estate agents under Government proposals to remove restrictions on websites that allow vendors to advertise direct to the public.
The changes could loosen the stranglehold that estate agents enjoy over property sales, and drive down fees that typically account for about 2 per cent of a property's sale price.

The Department for Business, Innovations and Skills (BIS) today proposed amendments to the Estate Agents Act so that web-based 'intermediaries' - which allow sellers to advertise their home online direct to buyers - will no longer be treated in the same way as estate agents.