One agent earned £48,000 in conveyancing commissions from one firm, and plans to raise it to £60,000 this year.
Conveyancing Alliance Group, which deals only with independents, said that over one quarter of all its estate agency firms earned over £24,000 last year in conveyancing income.
The firm added 40 individual branches to its network last year, and plans to add another 50 during this year.
It says a ‘significant’ number of new branches adopting its service have been introduced by other estate agents.
John Philips, sales director at Conveyancing Alliance, said: “Distribution growth amongst estate agents has been particularly pleasing for the business and we are working hard to ensure many more individual branches understand, and receive, all the benefits that come with our unique proposition.
“It is unfortunately the case that estate agents are often poorly catered for in terms of conveyancing options, which is why we have seen many more sign up over the last 12 months.”
www.movewithcal.co.uk
Comments
As a solicitor who works closely with CAL I echo Harpal's comments. However, I view them as an extension to our business development team and am happy to pay the 'intermediary fee' for this service. The consumer is unaffacted by this business relationship.
Peter you raise interesting and relevent questions.
Conveyancing Alliance do not have a call centre approach for the very reasons you have eluded to. Not only does it add a layer of cost but it can also turn clients off.
Clients and Agents need pro-active communicative solicitor firms who are competitively priced whilst still able to pay meaningful introductory fees. It really is as simple as that and is perfectively achievable with the right model.
We have found our partnership approach to be much more sucessful than a call centre one - for all parties; Client, Agent, Solicitor.
Harpal Singh
Managing Director
Conveyancing Alliance
Interesting to see the rise of the independent panel at work.
One does have to ask the question about whether consumers are being well served by this additional layer of fee acquisition and what benefits they receive from such an intermediary.
Whilst we understand that market forces are at work here, but we're always very interested to understand the exact role and value-add that such call-centres bring to the party..
Peter
Thats the highest then, if true, what the lowest, pennies??????