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OnTheMarket starts its roadshows today to tell member agents of its plans

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The first OnTheMarket member meetings are to take place today, where agents will learn details of OTM’s plans to demutualise and float on the stock exchange.

The first meeting is at noon in Stafford, and the second at 4pm in Warrington.

Members are said to have received a three-page letter from OTM boss Ian Springett along with documents, including a new listing agreement.

A new tariff of fees sets out subscription rates, said to vary from £192 to £595 per month, depending on the size of the agent and location.

‘Virtual offices’ are believed to be included in the tariffs.

There will be 18 more such meetings this month, with places limited to a maximum of two principals, partners or directors per firm.

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Source:: OnTheMarket starts its roadshows today to tell member agents of its plans