Property and Estate Agency Franchises
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Naz Daud
Mar 24, 2013, 9:00:08 PM3/24/13
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Please consider this free-reprint article written by:
Naz Daud
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Article Title: Property and Estate Agency Franchises
Author: Naz Daud
Word Count: 530
Article URL: http://www.isnare.com/?aid=1796026&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1796026
Easy Publish Tool: http://www.isnare.com/html.php?aid=1796026
*********************** ARTICLE START ***********************
The news in the past few years has been pretty bleak when it comes to property sales, but indicators have recently shown that the property market is beginning to recover. In the UK we are very focused on property ownership and despite the fact that it is harder than ever to get onto the ladder, running your own estate agency franchise is still seen as a solid and sensible business move.
Sales or Lettings?
Many estate agents deal with both sales and lettings of residential properties, but depending on the geographic area where the franchise business is to be set up, one sort of estate agency may be more appropriate than the other. For example, in the city centre of a University town with a high proportion of students, a lettings business would be an ideal business opportunity. In the suburbs, where people tend not to move often, residential sales would probably be more profitable. There is of course nothing to stop a franchisee offering both services, and many combine the two sides of the market into one successful business.
Requirements
There are no specific requirements in terms of qualifications to set up an estate agency business, so many of the skills which are required comes down to personality traits instead. Estate agents are dealing with the general public, solicitors and banks every day, so need to be comfortable with talking to people and being friendly at all times. Organizational skills to juggle several different clients at once are also very important, as is being prepared to work long hours and show clients round properties in the evenings and at weekends. Selling skills also come into play when trying to convince vendors to sign up with your company rather than competing estate agency firms.
Earnings
Estate agencies typically work on a percentage basis, with the exact percentage being charged dependent on several factors. The commission is only paid when the sale is completed, so in order to earn their fees the estate agents have to keep the chain of sellers and buyers from breaking and make sure that the sale goes through smoothly. With lettings, the estate agency franchise keeps a percentage of the rent charged each month by the owner, but in return for their fee the lettings agent has to manage repairs to the properties, inspections and also deal with advertising for new tenants when it becomes vacant.
Benefits
In a property boom, estate agents don�t have to work particularly hard to sell properties and can make a good living out of their commission. In a sluggish property market, a franchise owner has to work harder for their commission and this uncertainty over monthly earnings may put some people off the sector completely. Being in the property game has the additional benefit of getting to know lots of different people and gives the franchisee the ability to really get to grips with the marketplace. No two days are the same and it�s the ideal career choice for people who flourish under pressure and enjoy the thrill of getting a sale.
About The Author: Naz Daud This article is free for reproduction but must have live internet links to the following webpages: http://www.citylocal.co.uk/ http://www.citylocal.co.uk/businessfranchise/ http://www.citylocal.co.uk/businessfranchise/earn-income-working-from-home.php include this copyright statement.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1796026
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
Message delivered directly to members of the group:
publish-the...@googlegroups.com
*****************************************************************
Please consider this free-reprint article written by:
Naz Daud
*****************************
IMPORTANT - Publication/Reprint Terms
- You have permission to publish this article electronically in free-only publications such as a website or an ezine as long as the bylines are included.
- You are not allowed to use this article for commercial purposes. The article should only be reprinted in a publicly accessible website and not in a members-only commercial site.
- You are not allowed to post/reprint this article in any sites/publications that contains or supports hate, violence, porn and warez or any indecent and illegal sites/publications.
- You are not allowed to use this article in UCE (Unsolicited Commercial Email) or SPAM. This article MUST be distributed in an opt-in email list only.
- If you distribute this article in an ezine or newsletter, we ask that you send a copy of the newsletter or ezine that contains the article to http://www.isnare.com/eta.php?aid=1796026
- If you post this article in a website/forum/blog, ALL links MUST be set to hyperlinks and we ask that you send a copy of the URL where the article is posted to http://www.isnare.com/eta.php?aid=1796026
- We request that you ask permission from the author if you want to publish this article in print.
The role of iSnare.com is only to distribute this article as part of its Article Distribution feature ( http://www.isnare.com/distribution.php ). iSnare.com does NOT own this article, please respect the author's copyright and this publication/reprint terms. If you do not agree to any of these terms, please do not reprint or publish this article.
*****************************
Article Title: Property and Estate Agency Franchises
Author: Naz Daud
Word Count: 530
Article URL: http://www.isnare.com/?aid=1796026&ca=Business
Format: 64cpl
Contact The Author: http://www.isnare.com/eta.php?aid=1796026
Easy Publish Tool: http://www.isnare.com/html.php?aid=1796026
*********************** ARTICLE START ***********************
The news in the past few years has been pretty bleak when it comes to property sales, but indicators have recently shown that the property market is beginning to recover. In the UK we are very focused on property ownership and despite the fact that it is harder than ever to get onto the ladder, running your own estate agency franchise is still seen as a solid and sensible business move.
Sales or Lettings?
Many estate agents deal with both sales and lettings of residential properties, but depending on the geographic area where the franchise business is to be set up, one sort of estate agency may be more appropriate than the other. For example, in the city centre of a University town with a high proportion of students, a lettings business would be an ideal business opportunity. In the suburbs, where people tend not to move often, residential sales would probably be more profitable. There is of course nothing to stop a franchisee offering both services, and many combine the two sides of the market into one successful business.
Requirements
There are no specific requirements in terms of qualifications to set up an estate agency business, so many of the skills which are required comes down to personality traits instead. Estate agents are dealing with the general public, solicitors and banks every day, so need to be comfortable with talking to people and being friendly at all times. Organizational skills to juggle several different clients at once are also very important, as is being prepared to work long hours and show clients round properties in the evenings and at weekends. Selling skills also come into play when trying to convince vendors to sign up with your company rather than competing estate agency firms.
Earnings
Estate agencies typically work on a percentage basis, with the exact percentage being charged dependent on several factors. The commission is only paid when the sale is completed, so in order to earn their fees the estate agents have to keep the chain of sellers and buyers from breaking and make sure that the sale goes through smoothly. With lettings, the estate agency franchise keeps a percentage of the rent charged each month by the owner, but in return for their fee the lettings agent has to manage repairs to the properties, inspections and also deal with advertising for new tenants when it becomes vacant.
Benefits
In a property boom, estate agents don�t have to work particularly hard to sell properties and can make a good living out of their commission. In a sluggish property market, a franchise owner has to work harder for their commission and this uncertainty over monthly earnings may put some people off the sector completely. Being in the property game has the additional benefit of getting to know lots of different people and gives the franchisee the ability to really get to grips with the marketplace. No two days are the same and it�s the ideal career choice for people who flourish under pressure and enjoy the thrill of getting a sale.
About The Author: Naz Daud This article is free for reproduction but must have live internet links to the following webpages: http://www.citylocal.co.uk/ http://www.citylocal.co.uk/businessfranchise/ http://www.citylocal.co.uk/businessfranchise/earn-income-working-from-home.php include this copyright statement.
Please use the HTML version of this article at:
http://www.isnare.com/html.php?aid=1796026
*********************** ARTICLE END ***********************
- To distribute your articles go to http://www.isnare.com/distribution.php
- For more free-reprint articles go to http://www.isnare.com
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