But deals won't be enough because only quality agents offering a consistently good service can expect to survive, says Mr Wood.
"The smug ones who give estate agents a bad reputation will find it hard to battle through.
"For some agents this is a time of karma - the wide-boys are being kicked out."
Couldn't happen to a nicer bunch of people. Well, it could - it's a shame the same sort of winnowing couldn't happen to recruitment "consultants".
Dear BBC, I know this may come as a surprise to you, but paragraphs are allowed to contain more than one sentence.