Shrewd, opportunistic or just plain old vultures?
The Negotiator reports on the Connells Group fee-share scheme.
Broadly translated this means Connells will relieve an agent of their stock for a share of the fee revenue if and when one of the properties is sold.
We are told that agents can expect to receive 30% of the fee revenue generated by their transferred stock, depending on property type and no doubt subject to conditions.
I would like to have a look at the terms and conditions so if Connells or anyone wants to send me a copy that would be great.
Helpful is putting a bit of a spin on it if you ask me. Helpful for Connells maybe, but for the agent it will only help to potentially pay creditors if they are closing under a cloud (and who doesn't).
I have a better proposal. If an agent is at death's door we will give them a website, a back end system, free uploads to numerous portals, no hosting costs, nothing to pay. All they need is a computer at home.
We will only take a cut for our technology when a property is sold and then at a rate that is affordable. Now that is real help, agent stays in business and can continue to market property which also helps the vendor. Indeed, we can transfer a domain name before the bailiff kicks in the door and bobs your uncle.
I need to think this through, but it is a bona fide offer and genuine help for struggling agents.