Agents will make their money in other ways

The latest idea that agents have seems to be making money from building work. Builders will do work for £X, whereas agents will charge landlords £X + 20%. (the bill is basically discounted for the agent)  So for a thousand pound job, agents will earn £200 simply for instructing their favourite builder.  Easy money.

I have heard of this happening for works that were never required in the first place. I imagine it's mainly landlords who live abroad that are most susceptible to this, as they may have no way of checking if works are required and just give the go ahead. Actually this has probably been going on for some time but watch this practice increase when fees are cut. 

Why the contribution is important

It's not really an idea. Its just a comment regarding how agents will make money in other ways. And it's already happening. Landlords should especially check that works are required, rather than taking their agent's word for it.

by BlackAdder on September 01, 2018 at 08:24PM

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