Dorian Gonsalves says OTM injects 'genuine competition' into portal market which he believes is ready for 'disruption'.
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Despite failing to sell enough tickets at £25 per entry, the way the competition was promoted via social media broke Advertising Standards Authority rules.
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Message is part of new campaign by the CMA to target the property industry as research shows many businesses have no idea that price-fixing is illegal.
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Many letting agents have already been reporting their tenants' rent payments via both Experian's Rental Exchange and a clutch of proptech firms.
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Secure your delegate place now at the UK's leading conference for estate and letting agents, taking place in London on 30th November. Discounted joint tickets for both the Conference and The Negotiator Awards are available too.
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