|
 |
 |
Become a Lawyers Real Estate FranchiseeLawyers Real Estate is offering legal practitioners the opportunity to participate in a series of firsts:Lawyers Real Estate is the
Unique Selling PropositionThe Lawyers Real Estate tag line is "...the new direction in real estate" and we are taking real estate consumers in a new direction by providing them with a fresh set of offerings:
The power of the Lawyers Real Estate derives from its robust simplicity, its use of proven methods and procedures, and strict adherence to ethical and legal principles. As an incorporated legal practice (ILP), each Lawyers Real Estate franchise remains a self-contained and fully independent unit, capable of operating as an adjunct to an existing legal practice or as a stand-alone business. Bolt onto an existing legal practiceA lawyer with an existing legal practice can purchase a Lawyers Real Estate franchise and operate it alongside their existing practice. While there is no need for any formal interaction between the two businesses, economies of scale may be enjoyed in terms of sharing of staff and premises. Start from scratch and add another legal practice laterA new lawyer can establish a Lawyers Real Estate office as a stand-alone business with a view to developing a legal practice alongside. Cross-selling of legal services, and the referring of clients from Lawyers Real Estate to the developing practice would allow the new lawyer to gain experience and develop skills while deriving income from the Lawyers Real Estate business. Establish and operate a stand-alone Lawyers Real Estate officeA stand-alone Lawyers Real Estate franchise would allow any lawyer to operate a robust and rewarding legal services business without the stresses and problems ordinarily experienced in private practice. The Lawyers Real Estate system ensures that everything stays on track, with minimum exposure to risk for the client or the lawyer.
Featured On TVLawyers Real Estate was featured on Channel 7's "Today Tonight" program after we sought exposure in an effort to publicise the Lawyers Real Estate concept. Today Tonight was most helpful in demonstrating the basic differences between Lawyers Real Estate and the offerings of real estate agents. It also drew attention to the almost hysterical fears of the Real Estate Institute of Victoria REIV), with the desperate plea of the CEO of the REIV that Lawyers Real Estate "...needs to be stopped!" Unfortunately, the Today Tonight segment commences with a sign bearing the words, "For Sale By Owner", which is a misstatement of the Lawyers Real Estate concept. While the client has the final say on all aspects of their sale, it is fundamental to the Lawyers Real Estate concept that the client is properly, and fully, represented at all times and at all stages of the sale process from initial listing to settlement, and beyond.
Frequently Asked QuestionsAnswersWhat is a franchise?Whilst we are addressing qualified professionals we feel we should address some of the basics rather than assume understanding. A franchise is an arrangement for the distribution of a service into the market place. At least two parties are involved; the Franchisor, who lends the trade mark and business system, and the Franchisee, who pays a royalty and an initial fee to do business under the Franchisor's name and system. Technically, the contract binding the two parties is ‘the franchise’, but that term is often used to mean the actual business that the Franchisee operates under the Franchisor’s system. The ACCC applies a simple test to decide if a business is trading as a franchise and if all four of these elements are present then the business is deemed to be a franchise and must comply with the Franchising Code of Conduct:
What do I get with my Lawyers Real Estate franchise?When you become a Lawyers Real Estate franchisee you have access to the Lawyers Real Estate name, the Lawyers Real Estate proven system, support and ongoing business development. You become part of the Lawyers Real Estate network, sharing experience, advertising costs, and benefiting from the group buying power of a larger network. You are provided with everything necessary to “open the doors” and commence trading.
Will I be running my own business?Yes. While franchising means you will never have to be in business by yourself, you certainly are in business for yourself!
What background and experience do I need?The right attitude is what you really need to have in order to be a Lawyers Real Estate franchisee. You have to be a fun loving, outgoing, hard working, family type of person. We look for these and other characteristics in people wishing to join us and you will be required to fill out a Confidentiality Agreement and an Application Form. In most cases a Lawyers Real Estate franchise will be "bolted" onto your existing legal practice. Our early franchisees should be practicing and qualified legal professionals. However, because each Lawyers Real Estate franchise will operate as an independent incorporated legal practice (ILP), it is possible for non-lawyers to participate, so long as the ILP has at least one director who is a qualified legal practitioner.
Does Lawyers Real Estate provide training?Yes. Lawyers Real Estate provides full comprehensive training in all aspects of the system, as well as giving you additional support with those ‘once off’ activities which need to be done when you set up a new business. Our technical training is broken down into structured checklists that make sure everything is covered. The Lawyers Real Estate SLOD! system is also an integral aspect of the induction training program. Initial training may take up to 2 weeks and you must be prepared to allocate your time to this, and further training for you and your staff will be ongoing. Lawyers Real Estate will provide ongoing training according to our interpretation of your needs.
How much capital will I need to invest in my business?The total business ingoing costs could amount to $60,000 or higher, depending upon the office assets you already posses and this amount provides for everything required to start business. The Disclosure Document gives you all the details in a comprehensive manner.
What do I get for my Franchise Fee?Much more than you'd imagine, but in the formal sense it is the Fee you pay to be granted the intellectual property rights and privileges that go with operating a Lawyers Real Estate franchise.
What ongoing fees do I have to pay?Firstly, you pay a small monthly fee in advance as a contribution to advertising and marketing and a “per sale” fee as you make transactions as an ongoing royalty payable for the use of the Lawyers Real Estate name and system, and with that comes a great deal of business advice and support. All these and other costs are detailed in the Disclosure Document.
Can I sell my franchise?Yes. The business is yours to build up and sell if you wish subject to our approving the incoming franchisee.
How long is my Franchise Agreement for?It runs for five years. At the end of that time you will be able to renew for a further five years. There is a small Renewal Fee to cover legal costs. As our success is measured by your success, it is in our interest to ensure you stay with us for as long as you desire.
How much capital will I need to invest in my business?The total business ingoing costs could amount to $60,000 or higher, depending upon the office assets you already posses and this amount provides for everything required to start business. The Disclosure Document gives you all the details in a comprehensive manner.
I am interested and I think I qualify, what do I do next?Telephone Jeanette Mericka at Lawyers Real Estate and she will invite you to come and see our operation to see if our fantastic business appeals to you and to see if you can imagine yourself benefiting from including our business in your operation. We will then ask you to complete our Confidentiality Agreement and Application Form. After the Application is in our hands we will contact you and begin the process of taking you through a careful and detailed review of our existing business before you make any final decision.
Legal Notice |
|
|
||||
