Tune-Up Your Real Estate Agency to Minimise Risk and Maximise Profit
Running a real estate agency is hard.
The focus for many agents is on the sales and sign-up process. After all, cash flow is the life blood of your agency, and without sales and commissions you won’t last long.
But what about the other factors? When did you last do a thorough audit of your business information and process, corporate governance and structure, supervision and delegation quality, regulatory and compliance standards, licensing and registration, trust accounts, professional conduct, record keeping and all the other factors that make up the complex building blocks of a successful agency?
For many agents, the answer is: we don’t have time to look at all those things regularly.
And we get it, because you’re focused on other areas of your business.
But (and we hesitate to use this over-used analogy!) your agency is just like a car. Sure – the main thing is that it gets you from A to B. But to ensure that’s happening with minimum risk and maximum efficiency, you get your car serviced periodically to keep things in good working order. They check the things you don’t look at often – oil, fluids, brakes, electrics, safety factors and much more. And while it’s tempting to ignore the need to service your car, if you do that for too long… your car will just break down.
Your real estate agency is no different – periodically working through all the factors that go into minimising your risk and maximising your profit is a critical part of any successful agency that wants to not just survive but thrive in a competitive and highly regulated industry.
That’s why The Real Estate Lawyer offers our Legal and Operational Compliance Audit for Real Estate.
Legal and Operational Compliance Audit
The Real Estate Lawyer’s legal and operational compliance audit for real estate agencies is a comprehensive analysis and assessment of all the areas of your agency that don’t get much attention in day-to-day business.
We start with a comprehensive questionnaire to get to know your business. This ensures we can focus in on the areas that might need the most attention.
Our audit covers a comprehensive 145 points designed to ensure that any ways you are leaking profits or exposing your agency to risk are revealed.
That means we dig deep into areas such as:
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Licensing and registration
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Trust Account Management
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Professional Conduct
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Documentation and Record Keeping
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Advertising and Marketing
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Business Operations; and
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Consumer Protection.
Prevention is Better than Cure
For many, these kinds of deeper checks into business and process are not very high on the to-do list. And it’s easy to put them off (indefinitely) – but at the end of the day, that’s a terrible idea for both you, your business and your employees.
The last thing and real estate agency needs is to find out about a significant non-compliance AFTER one of your clients issues a complaint or, worse, commences Court proceedings against your agency.
Instead, why not reveal, discuss and fix any systemic issues in your business before the disaster strikes?
It’s a simple cost/benefit analysis – it is far cheaper and better for your reputation to AVOID the issue entirely than it is to try and clean up after something has gone wrong.
Plus it comes with the added bonus that you’ll likely increase efficiency and profits along the way.
How Does the Audit Process Work?
We know you’re busy, so we try and keep this process as easy and user friendly as possible.
That said, we are going to need some help from you or your office manager to ensure that we get the information we need to help you the best we can.
Our process looks like this:
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First, contact our office to indicate your interest in receiving and audit.
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Second, we’ll send you a fixed fee quote to complete a full audit of your agency’s compliance and operations matters.
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Third, we interview your key staff members to complete our comprehensive audit questionnaire and request certain documentation.
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Fourth, we review the answers and identify those areas in which you’re doing great, and those where some work is needed to maximise your potential.
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Fifth, we deliver to you our detailed report and recommendations, highlighting areas of concern and practical ideas about how you could address those in your agency.
Are you Ready to Maximise Your Agency’s Potential?
If you’re ready to receive our comprehensive audit package for your agency today, to secure peace of mind when it comes to risk, and help you grow into the next phase of your business, then just fill in the form below and we’ll be in touch soon.