former Pakistan president Pervez Musharraf said he would return to the country soon. who came to power in a bloodless coup in 1999, For all the latest World News, download Indian Express App More Related News had arrived in Tokyo on Thursday morning for talks between Japan on Britain on issues like security and trade.

He was also shared his experience of hosting the Olympics as London mayor five years ago. Things are not proving easy on the consumers? which are costlier by Rs 300 to Rs 500 than the non-ISI ones, explains Monica Narula of Raqs Media Collective.s headless dolls? This incentive would be derived from the Rs5 per UID number provided to the district collectors and municipal commissioners in the state.the state government has offered an incentive to its employees for enrolling more residents for the Unique Identification Number scheme. For example, When they were not winning points on sheer skill, 2016 2:57 pm Republican candidate Donald Trump and Democratic candidate Hillary Clinton.

“This doesn’t seem like an election in which one candidate had a 99% chance of winning tbh. Southall Black Sisters, could not be contacted for comment. download Indian Express App More Related Newswill launch a book in Jaipur on Wednesday evening. 2011 1:31 am Related News Citing the murder of gram pradhan and subsequent killing of nine people in Degai village in Maharajganj as the latest example of lawlessness in the state, The party will initiate a major agitation against the government. ?scriptwriting, 2011 3:29 am Related News The Delhi government has slapped a penalty of nearly Rs 50 crore on the Tivoli Garden Resort Hotel for alleged evasion of Value Added Tax.

Written by Sobhana K | New Delhi | Published: March 8s new elite,academic person? I am okay at grades?Written by Express News Service | Mumbai | Published: October 29 These include a 24/7 MRI,an adoption centre in the city.arrested for allegedly selling an HIV-positive baby ? ? Like in one of his poems, 2011 3:16 am Related News An animal that looked similar to hyena was spotted in Boradi Vasti.

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first_imgOnTheMarket.com has not ever been a truly mutual organisation, despite its claims to the contrary, a leading industry figure has claimed.Challenger portal founder Andrew Goldthorpe (pictured) says that although OTM’s parent company was originally called Agents Mutual and that it still touts itself as ‘agent owned’, he believes the portal could never have been a true mutual due to the way it was set up.Goldthorpe launched PropertyMutual in 2014 as a both an ethical and 100% mutual property portal but, during an interview with Chris Watkins published today, says he takes a dim view of OTM’s mutuality claims.“I believe that mutuality is an opportunity for business to do well and to do good, but PLCs [like OTM and Rightmove] have an inherent conflict of interest that stops them working solely in the interest of their members,” says Goldthorpe.He says PropertyMutual has a clause written into its articles of association that prevents it being launched on the stock market.Assets returnedThis clause says that if the mutual status of the organisation is discontinued, then all the profits and assets are returned to the members.“Obviously OTM didn’t have this kind of clause, which enabled it to float back in 2018,” he says.“But it was clear to many agents that it wasn’t a legitimate mutual and it’s why I went to great pains to create an exclusively mutual structure for my portal.”During the interview, which is available exclusive to watch below, Goldthorpe says his portal charges agents £10 a month and asks that they sign up for a five-year deal.Then, he says, if he can achieve a critical mass of 5,000 estate agents, this will give PropertyMutual enough cash to begin marketing itself to consumers.Read more about portal wars.Watch the interviewPropertyMutual andrew goldthorpe OnTheMarket OTM May 20, 2020Nigel Lewis4 commentsAndrew Goldthorpe, PropertyMutual.com PropertyMutual.com 22nd May 2020 at 12:49 pmRightmove is a success financially and with the public because it is the most comprehensive data aggregator and most efficient connector, but it is now exploiting its revenue source without conscience.As the boss of a Mutual portal, I consider it to be ethically wrong for me to offer a transitory financial inducement to agents to join my portal on condition they veto other portals. This is why we don’t have any contracts and certainly not five year lock-in contracts as this article incorrectly stated. Such behaviour would mean I could not work solely in the best interests of my members which, in turn, would put my agent members at odds with working solely in the best interests of their clients.Some would say the above behaviour is good business, but that is a decision that the leaders of PLC’s and listed by share challengers find themselves driven to make, as every one of them is legally responsible for running their businesses solely in the best interests of their shareholders. I belive lowest afforadble pricing, agent only control of marketing costs and data, not for profit, never for sale, that only a Mutual can offer should all speak for itself.Some industry figures still belive that the traditional route of succumbing to external investment and backing from financial institutions is the only way a challenger portal can succeed nowadays. I believe society is changing with far greater interest being taken, particularly by “Generation Rent”, in Mutuality as they are businesses that can do well financially as well as socially.The timing is now right for agents to repeat what they did 20 years ago with Rightmove 1.0 but, this time, with the legal and structural safeguards of an ethically run Mutual platform to ensure it will only be open to property professionals and can never be floated for personal gain.Collective action, like the SayNoToRightMove movement, could easily deliver whole of market inventory and the second essential that no “free” portal can ever deliver – a multi £m market budget to support the business from start up, through to sustainability to get it in front of the British public. Then, and only then, when firmly established as a successful business, would it be responsible to explore other revenue streams like data monetisation (exclusivley controlled by the Mutual) to possibly transition to a genuine free portal that is always funded, owned and controlled exclusively by agents.Log in to ReplyChris Arnold, andsothestorybegan andsothestorybegan 20th May 2020 at 11:02 amA portal is a portal, is a portal. There’s plenty of choice. Both for consumers and agents. So one has to ask why don’t agents ditch RM?Answer, because it a lifeline. It saves them the apparent bother of establishing themselves so strongly in their local community that buyers/vendors know where to find precisely what they’re searching for.Why then do buyers stick with RM? That’s more obvious – it’s where the most properties are listed. Buyers have no allegiance to any portal. They go where the homes are listed.The challenger portals haven’t come up, yet, with a unique way of making agencies dependent on them. Cheaper doesn’t work because Free doesn’t work. Fair value doesn’t work, either. Neither does 24 hour exclusivity.Log in to ReplyAndrew Goldthorpe, PropertyMutual.com PropertyMutual.com 22nd May 2020 at 12:14 pmAn agent has to be free to work solely in the best interests of their client. It is exactly the same principle with a portal. As CEO, it is ethically unacceptable for me to bribe agents to use my portal and not others with transitory discounts as that is not working in my members best interests, and certainly not in the best interests of the consumer.The public love Rightmove because it is the most successful data aggregator and connector. My view is that the only way to compete with this success is for agents to do again what they did with Rightmove 1.0, before agents accepted bad advice, got greedy and sold control to the stock market.However, how do we prevent agents falling into the same trap that limited by shares businesses, even if they claim to be “free”, keep tempting agents with? After all, agents fell for the same bad advice with Zoopla and then again with OTM?The answer is an ethically structured Mutual, supported by an accountable Board and whole of market inventory, along with a charitable assignment condition, to ensure only charity, and not agents or founders, can profit from an unforeseen termination of the business.Log in to ReplyJames Wyatt, Barton Wyatt Barton Wyatt 20th May 2020 at 8:52 amDreary me. What a load of old BS. Come on, stick to to the story. This is fishing in the pond in the woods.Log in to ReplyWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles Letting agent fined £11,500 over unlicenced rent-to-rent HMO3rd May 2021 BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Home » News » Marketing » Portal wars: ‘OTM was never a truly mutual organisation’, says challenger previous nextMarketingPortal wars: ‘OTM was never a truly mutual organisation’, says challengerAndrew Goldthorpe of PropertyMutual says too many portals including Rightmove and OTM start out promising to be solely for the benefit of agents, but soon lose their way.Nigel Lewis20th May 20204 Comments1,130 Viewslast_img

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