In recent news, Rightmove, the UK’s largest property website, has announced plans to introduce measures to address non-payment by agents. This is a major issue for the company, as it is estimated that agents owe Rightmove around £50 million in unpaid fees.
Rightmove’s new measures will include the introduction of a ‘payment guarantee’, which will ensure that agents pay their fees on time. This will be done by withholding the agent’s access to the website until payment is received. Additionally, Rightmove will be introducing a ‘credit check’ system, which will allow them to assess the financial stability of agents before they are allowed to advertise on the website.
The introduction of these measures is a welcome change for Rightmove, as it will help to ensure that agents are paying their fees on time. This will also help to reduce the amount of debt that Rightmove is currently facing. It is hoped that these measures will help to improve the financial stability of the company, and ensure that it can continue to provide a reliable service to its customers.
It is clear that Rightmove’s new measures are a positive step in the right direction. Not only will they help to ensure that agents are paying their fees on time, but they will also help to improve the financial stability of the company. This is an important issue for Rightmove, as it is essential that they are able to provide a reliable service to their customers.