Estate Agents Fined for Price Fixing

Three estate agents in Berkshire have been fined a total of more than £600,000 for establishing a cartel to set minimum commission rates for residential property sales. A fourth agent involved in the cartel avoided a fine by reporting the activity to the Competition and Markets Authority.

The CMA has a Stop Cartels campaign, details of which can be found at https://stopcartels.campaign.gov.uk/