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iamproperty to continue paying estate agents during the COVID 19 crisis

iamproperty, a group offering end-to-end services to estate agents, said it intends to continue paying its Partner Agents for as long as the COVID-19 crisis continues.

The group said it is prioritising the protection of fee payments to agents for those transactions that can continue, aligned to government guidelines.

Jamie Cooke, group managing director at iamsold, said: “We are still open and ready to support our network and the industry, and we’re doing everything we can to provide whatever assistance they need.

“Due to our robust business continuity plans we now have all our 200+ employees working remotely, enabling us to maintain the level and quality of service to our Partner Agents.

“Like many businesses we are currently planning for some of our workforce to be furloughed, supported by the government’s Coronavirus Job Retention Scheme.

“These are tough and unprecedented times for all of us, but we want all estate agents to know that we are a supplier they can rely on during these challenging times.

“All payment runs to our network are happening and will continue to happen as normal with over £3m paid out to agents since the crisis began.”

Over a third of iamsold’s sales come from vacant properties and another third from Probate.

With Medway Law acting on behalf of the vendor and The Conveyancing Partnership working with enabled solicitors on the buyer’s side, iamsold can now put additional security and remote ready infrastructure around future auction transactions.