Article on success fees off the mark

Written by The Trade Me team in General at 1:02pm, Sun 30 Jan 2011

The Herald on Sunday today published an inaccurate article about our upcoming success fee changes.

We want to reassure members that the Herald have many of their numbers wrong today – for example, the commission on a $1000 sale will go from $48.60 to $51.00, not to $118.50 as claimed in the article. Likewise, the claims about fees for items between $200 to $1500 are all inflated and inaccurate. It also casts some doubt on the accuracy of the poll they are running alongside the story online.

We’re pretty surprised by this article. The Herald is known for its standards, but this was shoddy reporting – the numbers were wrong and they didn't check them with us first. It was also disappointing that the article pushed a competing site without disclosing that the Herald’s parent company owns half of it.

It is Auckland’s regional holiday tomorrow, so perhaps they just got stuck into the bubbles a bit early!

If you do want to check the success fees you will pay, head here.

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