The Daily Mail has prominently clarified its claim that estate agents average 1.8% in commission fee, after an EYE reader objected.
Yesterday’s page 2 clarification said: “An article in Money Mail on August 16 cited research which stated that average estate agents’ fees are 1.8pc. We are happy to clarify that this figure has been challenged on the basis that fees can range from 1pc sources consider the average to be closer to 1.3pc.”
The Mail story had claimed that estate agents’ fees were the biggest single barrier to downsizing.
EYE reported this and one of our readers complained – effectively – to the Mail’s people’s editor.
The clarification by the Mail effectively means – or should mean – that fixed price agents will not be able to claim that they are saving vendors, based on an average high street fee of 1.8%.