Agents urged to increase fees in 2023.

Agents should increase their fees in 2023 so the average reaches at least 2%, a senior industry executive claims. Adam Day, founder of online agent Hatched and now international expansion leader UK for eXp, said agents are worth more than the typical 1% they are now charging. He said the previous 18 months have been easy to sell property, so there was a justification for lower fees, but he suggests agents can show their true worth and value in the new “tougher market.” Day said in a Twitter video: “We are going into a market, that the media is telling us is tougher, less buyers, falling property prices, this is the time to start putting your fees up.

Do you think property agents should put their prices up from 2023?

Share your thoughts. Get started by commenting below.