Editor's note: This brief was summarised by The Property AI Team from a report by Letting Agent Today. Read the original article for full details.
New Benchmarking Service Launched for Letting Agents
A new diagnostic service has been launched for estate, lettings, and block management agencies. The service, called The Property Agency Benchmark, is operated by consultancies Oliver and House of Marque.
The Property Agency Benchmark measures the efficacy of participating agencies. It scores agencies across five stages against a fixed standard. The service also identifies areas that are slow or underused and quantifies the potential value of addressing these issues.
This development is relevant for UK letting agents and inventory clerks seeking to assess and improve their operational performance.
Source: Letting Agent Today