Regional News

UK: Homeowner’s Alliance requested to post their referral fees on their site

By Editor 0 Comments NEWS, Regional News

The HomeOwner's Alliance has gotten caught up in a Twitter fight after the government announced that all real estate agents must present their referral fees up front.

Henry Pryor and others raised concerns, saying that the HOA is part-owned by ULS Technology “& whose income I believe is based on fees from conveyancing referrals”.

The HOA tweeted back: “Yes we get a referral fee for conveyancing if u use one of our panel of 150 firms. We support referrals. But point is EAS shouldn’t push services to buyers & sellers in same chain as a conflict of interest. Consumers need to be able to shop around.”

Pryor replied: “It’s not a problem that you are paid but the fact you are and by whom ought to be on your website.”

He also asked how many homeowners paying £45 a year did HOA represent.

Read more here

Join us in Miami from the 20th to the 22nd of June for the Global Online Marketplaces Summit. Our summit theme is From Classifieds to Marketplaces – Capturing Value from the Transaction and we’ll hear from Global Leaders who are creating the Online Marketplaces of Tomorrow.

Leave a comment

Your email address will not be published.