A study of nearly 90,000 transactions over past 12 months reveals huge gap between asking and final sale price in many areas of London and the South.
Claim is made by leading recruiter for industry which says smaller independent estate agents will be hit hardest.
Deal appears to include buying Michael and Isabel Bruce's remaining 11% share in the company, adding £33.7 million to their fortune.
Traditional estate agents in the UK provide good value for money despite the current slower market conditions, according to new research.
The non-corporate property sector experienced the fastest decline in high street locations last year.
The average asking price of a house in the UK has increased by £40,000 over the past five years delivering a revenue increase of £536 on average per sale for estate agents, the latest housing market data suggests.
Newspaper's researchers looked at 200,000 recent sales transactions and concluded that some agents with high fees tend to over-value homes.
Figures from home buyers' website TheAdvisory shows onliners' market share slipping for second fortnight but continuing dominance of sector by Purplebricks.
The Property Ombudsman has issued guidance on dual fees where two estate agents have been instructed and both are claiming a fee for selling a property, an issue that is a regular source of complaints.
Estate agents in England need to improve their anti-money laundering standard following a crackdown by HMRC and a survey finding that over a third admit they have no AML officer in place.
The UK's largest estate agent group, Countrywide, has reported widening losses and says the uncertainty surrounding Brexit is hitting business.
New guidance has been published on referral fees received by estate agents across the UK, which will make previously hidden fees open and transparent to consumers.
Five senior judges have thrown out an appeal by a developer who believed he didn't have to pay an estate agent a £42,000 fee.
Expectations, demand and sales expectations all down in latest market snapshot
The property market in the UK is still moving despite ongoing Brexit uncertainty with the supply of homes available to buying at its highest level for the month on December for four years.
Demand from prospective home buyers in the UK and the supply of available properties for sale both fell by 13% in October, the latest report from estate agents shows.
Estate agent hit by slowing sales in capital amid high prices and Brexit uncertainty
Thousands of online property adverts in England are discriminating against tenants who are in receipt of housing benefit, a study says.
Housing Minister Heather Wheeler announces plans to raise standards across the property agent sector.
Investors in Countrywide. the UK's largest estate agency owner, approved a £140m emergency fundraising at its annual meeting on Tuesday.
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