spunko2010 Posted August 12, 2016 Share Posted August 12, 2016 Good news but will they take notice? http://www.propertyindustryeye.com/industry-regulator-warns-portal-juggling-agents-misleading-illegal-fraud/ Quote Link to comment Share on other sites More sharing options...
Fully Detached Posted August 12, 2016 Share Posted August 12, 2016 “If you suspect an estate agent of portal juggling or spot anything suspicious on a major online portal, we urge you to report it to Citizens Advice on 03454 040506.” Oh dear. Quote Link to comment Share on other sites More sharing options...
200p Posted August 12, 2016 Share Posted August 12, 2016 (edited) Portal juggling involves the deliberate removal of properties on major property portals before relisting them to make them appear new on the market, thus putting them to the top of the list of new properties as well as triggering a possible new property alert to potential buyers. ....It confirmed that the practice is illegal and could lead to prosecution. I don't see why this should be illegal? It's like a bumping an old HPC thread. I'd say let the buyer beware. They don't have to buy at that price. In fact IT should be legalised. It could be a standard extra service that EA's could provide. Would you like to have Automatic relisting every 3 months for £100/year it's on the market? Every buyer has the same tools to filter lists, so no one is at a disadvantage. Is re-listing on ebay illegal? No. Ebay gets a fee, interest in the market is stimulated. New buyers will get an alert who weren't around when the item was first listed. Etc. In fact, house listings should have a time limit and the £100/year charge will focus the mind of the seller. 3 years later, and unsold? Paid £300 in relisting charges? Something is wrong. This forces the seller to think about LOWERING their price. Edited August 12, 2016 by 200p Quote Link to comment Share on other sites More sharing options...
AvoidDebt Posted August 12, 2016 Share Posted August 12, 2016 'spot anything suspicious..' :) :) Who writes this stuff? Someone should send them a link to that most overpriced shith*le thread... Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted August 12, 2016 Share Posted August 12, 2016 I don't see why this should be illegal? It's like a bumping an old HPC thread. I'd say let the buyer beware. While I deplore the practice, as you say its not a matter that requires state intervention IMO. Quote Link to comment Share on other sites More sharing options...
spunko2010 Posted August 12, 2016 Author Share Posted August 12, 2016 (edited) Obviously, it won't be enforced by the agents who are a law unto themselves. The change will come from RIghtmove or Zoopla who need to come down hard on this even more so than now. Not only does it p1ss people off, it's apparently "illegal" too. BTW, posting this here in case anyone finds it useful (shameless plug) http://www.housepricecrash.co.uk/forum/index.php?/topic/203556-are-the-shires-crashing/?p=1103056696 Edited August 12, 2016 by spunko2010 Quote Link to comment Share on other sites More sharing options...
John The Pessimist Posted August 12, 2016 Share Posted August 12, 2016 Obviously, it won't be enforced by the agents who are a law unto themselves. The change will come from RIghtmove or Zoopla who need to come down hard on this even more so than now. Not only does it p1ss people off, it's apparently "illegal" too. Do Rightmove and Zoopla receive payment when a property is relisted? Quote Link to comment Share on other sites More sharing options...
200p Posted August 12, 2016 Share Posted August 12, 2016 (edited) While I deplore the practice, as you say its not a matter that requires state intervention IMO. It's like forbidding old HPC topics to be bumped. Someone does occasionally do think it is a new thread, and the first few repliers get fooled. But in the end no harm is done. More fool to people who click "BUY NOW £375,000 shoebox" as soon as it is relisted. Edited August 12, 2016 by 200p Quote Link to comment Share on other sites More sharing options...
dgul Posted August 12, 2016 Share Posted August 12, 2016 Of all of the dubious practices undertaken by EAs this is probably the least important. Quote Link to comment Share on other sites More sharing options...
Crumbless Posted August 12, 2016 Share Posted August 12, 2016 How the bloody hell is this illegal, as well as protecting the endless fukwits on twitter who have a nervous breakdown about someone being horrible to them the filth and courts now have to deal with an agent removing property and relisting it. Modern life just seems to get more bizarre by the day. Quote Link to comment Share on other sites More sharing options...
nome Posted August 12, 2016 Share Posted August 12, 2016 I do find it highly irritating when some overpriced s***hole that's been sat on the market for 3 years gets briefly withdrawn then relisted as a new property without even the slightest price reduction and sadly I do think there are some f***wits out there who are gullible enough to fall for it. Unless you've got an up to date version of PB it's not possible to use the standard tools on RM to discover the true length of time it's been sat on the market. Quote Link to comment Share on other sites More sharing options...
janch Posted August 12, 2016 Share Posted August 12, 2016 If one's looking in vain (and despair) every day for a vaguely suitable abode for a reasonable price you get to know what's available in the search area and soon notice such tricks. Reduced properties are also re-listed on RM (don't know about zoopla) which is useful. Quote Link to comment Share on other sites More sharing options...
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