Advertising Tenancy Fees

October 17th, 2014

As you may be aware, recent new guidance from the Competition and Markets Authority (CMA, previously the Office of Fair Trading) and agreed with the Advertising Standards Authority (ASA), states that all rental property adverts on portals need to reference tenancy fees, and that information on the actual fees a letting agent charges also needs to be provided.

Rightmove have updated their portal feed to allow this information to be sent through and displayed in a light-box which will appear when a user clicks the “fees apply” link.  This light-box currently contains generic fee information text as agreed with the ASA.  In line with this, RentPro has been updated to allow this information to be added so that it can be fed through to Rightmove, and other portals as they make this change.

The ASA will require that agents update their stock on Rightmove by the end of November. We have therefore introduced this field well in advance of this point so that agents have sufficient time to provide the required information on existing and new stock.  It will be the agent’s responsibility to comply with the guidance and provide specific tenancy fee information.

We realise that the same set of fees may apply to all properties that you market. As such, you can define a standard statement via Admin > Control Panel > Portals tab. This statement will be included in all new properties added to RentPro. Note that all existing properties that you intend to advertise via a property portal, or your agency website will have to be manually updated.

 


New agent-owned portal moves step closer to ‘implementation’

February 6th, 2014

With more than 500 estate agents now on board and over £6 million already pledged to create their own online presence, Agents’ Mutual claims to finally be ready to take on the property website market leaders, Zoopla and Rightmove, and challenge what the collaborative group has described as an “anti-competitive duopoly”. Continue reading »


RentPro – Propertini

December 9th, 2013

propertini

We are delighted to announce that we now support uploads to Propertini, the global real estate search engine that helps users search, select and share real estate.

Propertini makes it possible to find residential property to buy, rent or share worldwide. The visual property search means that finding a home takes two short steps and the interface is designed to optimize the search experience.

With an ethos of providing global reach with local accuracy, anyone with an interest in real estate can find their new home or investment property worldwide with pin-point accuracy.

To feature your listings on Propertini please complete the following form:

https://propertini.com/register/?sp=Rentpro#

Following completion of this form Propertini shall be in touch with us to set up your feed to their website.

Note that a portal upload surcharge may be applicable. Our pricing structure of uploading to property portals is as follows:

  • One Portal Upload per account is Free of Charge
  • More than one portal upload: £15 per month*

*This allows you to upload to an unlimited number of property portals.


How to price a property to let

November 13th, 2013

With rental demand for properties continuing to outstrip supply across many parts of the country, landlords’ expectations remain high as far asking prices are concerned. But how do we know how much our properties are really worth to rent?  Continue reading »


Rightmove and Zoopla gear up for November deadline on agents’ fees

September 17th, 2013

Both Rightmove and Zoopla are gearing up for the November 1 deadline set by the Advertising Standards Authority.

From that date, all letting agents must display their actual fees to tenants in adverts where there is room to do so – including on their own websites and in press advertising – or flag up the existence of fees where there is not room, for example in tweets.

However,  on the main property portals, agents’ actual fees will not be displayed. Instead, a ‘fees apply’ message will be shown leading to a pop-up window with generic examples. Continue reading »


First advice on letting agent fees due out this month

August 1st, 2013

The lettings industry looks set to have to comply with the ruling that agents must show their charges to tenants in all adverts, including listings on portals within weeks – even though official guidance is still being written.

The Committee of Advertising Practice’s timescale for “full compliance” is early 2014, but it expects to issue interim guidance by the end of this month. Continue reading »


Agents not yet complying with advertising ruling on displaying fees

March 19th, 2013

Virtually no letting agents appear to be complying with the Advertising Standards ruling that they must show tenancy charges in their adverts as well as the rent. They seem to be awaiting advice from their own lawyers as well as guidance from industry bodies. Continue reading »


Rightmove to act today over lettings adverts and fees ruling

March 14th, 2013

Rightmove is today adding a disclaimer to all its rental adverts.

The move follows last week’s bombshell ruling from the Advertising Standards Authority that Your Move – and by implication, all letting agents – must detail fees in their adverts. It will no longer be enough simply to show rent when a property is advertised, with the ASA saying that this is misleading. Continue reading »


PropertyLive – not quite dead.

February 20th, 2013

PropertyLive, the critically ill property portal is on a life support machine while a ‘cure’ is sought.

Mark Hayward (below), Managing Director of the NAEA, said, “While the decision to cease PropertyLive operations at Arbon House remains in place, we have been listening to the various comments and proposals from members and from organisations outside the NAEA and ARLA. Continue reading »


Join the revolution and take back control with PropertyPrompt.com

November 15th, 2012