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Occupiers Call For End To Broker Fee Structures

LONDON-Traditional agency fee structures are considered inflexible, inefficient and outdated by corporate real estate managers. That's the conclusion of research collated from the Property Forum, held last month.

By Charlie Jacoby | Updated on November 07, 2001

LONDON-Occupier delegates at last month’s Property Forum who attended a think-tank on consultant fee structures say they want surveyors to take a long hard look at the way they charge. Their preference is for long-term partnership relationships as a means of gaining added value.

In cases where close relationships already exist, the traditional percentage fees have often been replaced by pre-agreed fees, incentive related fees or hourly/daily rates.

Lindsey Abel, project director of the Property Forum said: ‘The topic of advisor remuneration was discussed at the Property Forum two years ago, when a good deal of negativity towards agents was expressed. The feedback from this year’s event shows that little has changed, although in cases where new forms of remuneration have been agreed, there does seem to be greater levels of satisfaction.

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