A poll of 1,000 agents this month shows that the majority are charging between 1% and 1.4%.
The finding comes from estate agency trainer Richard Rawlings who did the research during a Rightmove webinar.
The poll results show what agents themselves said of their fees in an industry environment.
They were not specifically asked to say if their percentage fees included VAT or not, but Rawlings believes it is extremely likely that the agents were quoting their fees net of VAT.
He said: “While this is not specified, most agents only raise the VAT issue when quoting to a client, not within the industry.”
His figures show:
6% of agents polled charge between 2% and 3%
18% charge between 1.5% and 1.9%
61% charge between 1% and 1.4%
15% charge less than 1%
Rawlings said: “About a quarter of all agents charge more than 1.5%. That’s 60% more than those who charge less than 1%.
“In my view, for those who charge more than 1.5%, this has nothing to do with location or competition. It’s about skills, attitude, confidence and the deliberate commitment to charge a decent amount of commission in order to secure their future.”