The self-employed broker model appears to be growing across the industry, and not just amongst mainstream agencies.

Back in April Knight Frank launched its version of the affiliate broker model, saying at the time that it “enables exceptional self‑employed brokers to work independently while remaining fully aligned and partnered with Knight Frank.”

Now it’s announced the second chapter of this exercise, following what it calls “a highly successful first phase” which generated over 130 enquiries from prospective agents. 

This has resulted in eight brokers being appointed in the last eight weeks alone.

The company’s model enables self-employed brokers to work independently, operating in territories adjacent to Knight Frank’s existing London offices.

Affiliate brokers can pitch and win instructions, manage clients end to end, and build their own pipelines with full operational and regulatory support behind them. 

And the firm claims: “Brokers will earn high levels of commission, and can earn additional fees for referring clients into any of Knight Frank’s 150 residential and commercial service lines across its global network.”

Andrew Groocock, chief operating officer of estate agency at Knight Frank, comments: “Building on the strength of our exceptional local offices, the affiliate broker model is extending our reach and accelerating growth into new markets. 

“The response from experienced brokers has been fantastic, with over 130 enquiries received to date, and we are looking forward to welcoming our second cohort of affiliate brokers in August. 

“Their enthusiasm, ambition and entrepreneurial mindset have reinforced just how much demand there is for a model that combines independence with the backing of a globally recognised property brand.”

Specifically it’s now seeking “experienced, entrepreneurial residential brokers” to take ownership of the following territories: Muswell Hill & Crouch End; Barnes & Sheen; Shepherd’s Bush & Brook Green; Greenwich & Blackheath; and Radlett & Hadley Wood.

And Knight Frank says it will soon announce the next tranche of key hires to support its expansion into new London markets, including Putney, Totteridge and Kingston. 

“This forms part of a wider strategy targeting 36 markets for expansion” it states.