Sinclair Taylor offers a free monitoring service to proactively identify when a property has been sold, after being withdrawn from your agency, and who the buyer was. Frustratingly for agents, we find that the buyer was often introduced to the vendor by the agent – before moving to private sale between the parties to avoid any agency fees. In almost all cases, we find that fees are rightly due, and can take a look at any agreements and advise on next steps. Collection isn’t obligatory but will confirm the hunch that most agents have when private sales happen.
We find that many agents that come to us aren’t even aware that they are due sales fees – and we have instances where we have recovered over £300,000 in missed sales fees for one of our clients.
To get started is very straightforward, send us your agency’s withdrawn property listings (or allow Sinclair Taylor’s API to access your Reapit software) and our team will advise which withdrawn properties go onto sell and identify who the buyers are. If there is a match, and with your authorisation, Sinclair Taylor will work to recover the unpaid fees on your behalf – on a no collection, no fee basis – with little fuss, but maximum results.
