The real estate world is evolving at a rapid pace and most property searches today are performed online via a mobile device or computer. In such times, there’s a need for real estate businesses to think out of the box. An out of box approach that’s helping many real estate businesses to stay relevant and grow is real estate franchising. So, what is real estate franchising and what it takes to be a real estate franchise in Sydney? Let’s find out.
Any real estate business running as a franchise of a bigger/more established real estate business is referred to as real estate franchisee. In simple terms, a franchise is an individual or company with an authorization from another company or the government to carry out specified commercial activities. In the case of a real estate franchisee, the commercial activity would be the buying/selling of houses and other properties. Now, if you’re a novice or aspiring realtor then you may be wondering how you can avail real estate franchise opportunities in Sydney or other parts of Australia. If that is indeed the case, then all you got to do is read on.
Real estate franchises in Australia
As of now, there are more than eight thousand registered real estate franchises in Australia and many of them are based in Sydney. This is a clear indication of the growing interest in real estate franchising in Sydney and other parts of the country. Now, as an aspiring realtor, you have two options: run your own real estate business or buy a real estate franchise. Often, the decision is influenced by the ‘money to spare’. The relatively low costs involved in starting up operations makes opting for a real estate franchise a viable choice. The initial costs involved in setting up a real estate franchise include the costs of state government licensing and leasing/renting a shopfront or premises.
How does becoming a real estate franchisee help?
A major benefit of becoming a real estate franchisee in Sydney is the significant exposure to the public. Now, to become a real estate franchisee in Sydney, individuals/businesses need to obtain relevant licensing and get training from the parent company. If you want your real estate franchise to run smoothly then it’s imperative for you to collaborate with the parent company and get all the tools, support and training required to function optimally.
Now, becoming a real estate franchisee is a viable option for many people including women with families who prefer a flexible work schedule. As a real estate franchisee, you have the option to work on your own–full or part time. This is the reason many real estate franchisees in Sydney and other parts of the country operate from home. Finally, if you desire to run a successful real estate franchise, then it is recommended that you work in an area you know and where you feel comfortable. This will help make you a real estate franchisee.