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TheCountOfNowhere

Estate Agent Cartell

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A lot of us suspect this is going on up and down the country.

"Somerset estate agents admit being part of price fixing cartel in Burnham-on-Sea area"


http://www.somersetlive.co.uk/somerset-estate-agents-admit-being-part-of-price-fixing-cartel-in-burnham-on-sea-area/story-30175476-detail/story.html#fkZwdvwAmVbdCpDj.99

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Ha....

".. Annagram Estate Agents Limited (trading as 'C J Hole') will not be fined, as long as it continues to cooperate, because it was the first company to confess."

How to act like a criminal mafia organisation.... milk the system for all it's worth and then sing like a canary.

Witness protection program next.

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15 minutes ago, Maynardgravy said:

Ha....

".. Annagram Estate Agents Limited (trading as 'C J Hole') will not be fined, as long as it continues to cooperate, because it was the first company to confess."

How to act like a criminal mafia organisation.... milk the system for all it's worth and then sing like a canary.

Witness protection program next.

People will hopefully be asking for their money back and bankrupt the ****s

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.

 

Quote

 

What exactly have they admitted doing?

The estate agents colluded to set minimum commission rates for residential property sales at 1.5 per cent, with a view to denying local homeowners selling their property the chance of securing a better deal.

 

 

Is that a case of settling for a lesser charge?  It must be the only instance.

When it is proven the question then becomes where does it stop?

Before reading the article I thought it was some form of collusion on the level of house prices which would also help to increase commission - but apparently it's not that.

It would be a surprise even a shock if something similar on commission rates isn't happening elsewhere and in quite a few other places as well as Somerset. 

 

Edited by billybong

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Do EAs require indemnity insurance?

I know the market for Solicitors dried up, causing prices to shoot up to stupid sums - 50K+. And down to the fact there are a lot of dodgy soliticors, causing the insurance to pay out lots.

Somehting like this will bakrupt them. You can make claims for several 10k against tthem.

 

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6 hours ago, Maynardgravy said:

Ha....

".. Annagram Estate Agents Limited (trading as 'C J Hole') 

'C J Hole' was the agency that a few years ago made the headlines when one of their arsehole employees verbally abused a potential tenant for being late for a viewing. Bristol area iirc.

What a shower of cheating bastards.

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37 minutes ago, MattW said:

'C J Hole' was the agency that a few years ago made the headlines when one of their arsehole employees verbally abused a potential tenant for being late for a viewing. Bristol area iirc.

What a shower of cheating bastards.

I;'ve just run the words "Estate Agents" through an anagram generator and it comes out with.

 

"Bunch of C*nts".

 

How odd.

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Only 1 L in Cartel.

 

 
Quote

 

noun
 
  1. an association of manufacturers or suppliers with the purpose of maintaining prices at a high level and restricting competition.
    "the Colombian drug cartels"
    • historical
      a coalition or cooperative arrangement between political parties intended to promote a mutual interest.

 

    •  

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