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Estate agent franchise

Global estate agency ERA is launching a recruitment drive for IFAs, mortgage brokers and other intermediaries in a bid to create a 500-strong UK franchise operation.

With 3,000 offices in 26 countries, it is encouraging small traders to join its franchise, allowing them to keep their independence and brand and use ERA&#39s services to grow an estate agency business.

ERA wants financial advisers, brokers, solicitors and accountants interested in estate agency ownership to contact partners@eragb.co.uk to find out what they can gain.

Its services include working with business start-ups to recruit managers experienced in estate agency and helping IFAs establish joint ventures with other professionals like brokers and accountants.

For a joining fee of £8,500 and then 8 per cent of annual turnover, ERA provides business software, training programmes, marketing and worldwide referral for clients looking for property overseas.

ERA says its franchise lets small businesses benefit from economies of scale to cope with the impending costs of mortgage regulation and sellers&#39 packs and to compete with big players like Legal & General and Royal & Sun Alliance.

ERA consultant Chris Scales says: “Small independents will struggle with changes as bigger operations flex their muscles. Joining our network lets them keep their independence but with support.”

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