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Agency HQ has acknowledged it can be difficult for many agents to meet their bottom line, which is why it has created a model to put agents in a better financial position.
“Sales volumes are volatile, property values have dropped, commissions are under pressure, agent earnings have fallen and competition is fiercer than ever before,” Agency HQ CEO Mark Morrison said.
He noted how the current agency model could create wealth and cash flow for principals from rent roll. But the present model does not meet the needs of agents who work long hours and may struggle to progress financially.
“It’s time for a change — and Agency HQ is that change, taking an innovative approach to agency practice that diverges from the current model in a fundamental way,” Mr Morrison said.
As a result, Agency HQ has created a platform where agents can build their own business without financial risk.
While the agents will get support and mentoring, they will be able to back their success and personal wealth with their own rent roll.
“Property management isn’t an area that sales agents have traditionally been involved in, because the wealth generated by a rent roll has been solely reserved for agency owners,” Mr Morrison said.
“Agency HQ turns this current state of affairs on its head by offering sales agents the same wealth-creation opportunity. By unlocking the potential in your database, you can start to build your own rent roll — 100 per cent owned by you, with no investment, no losses and no running hassles because it’s completely managed by Agency HQ’s rental arm on your behalf.”
The ultimate goal of this initiative allows agents to take control of their financial future with access to a steady stream of income from a rent roll.
“Our single-minded focus is to genuinely help agents take their real estate career to the next level,” he said.
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