In cases where close relationships already exist, thetraditional percentage fees have often been replaced by pre-agreedfees, incentive related fees or hourly/daily rates.
Lindsey Abel, project director of the Property Forum said: 'Thetopic of advisor remuneration was discussed at the Property Forumtwo years ago, when a good deal of negativity towards agents wasexpressed. The feedback from this year's event shows that littlehas changed, although in cases where new forms of remuneration havebeen agreed, there does seem to be greater levels ofsatisfaction.
'Property managers feel that the advantage of pre-negotiatedfees or hourly/daily rates in terms of expenditure could be lost ifthese and other 'hidden costs' were not capped or controlled.'
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