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 The recent announcement by YOUR MOVE, one of the most well known Franchisors in this market, of the closure of 10 franchised branches in the South West, is further evidence that property sellers are voting with their feet and seeking innovative new ways to get their property to market. This follows the closure of 12 further branches and the loss of over 300 jobs by YOUR MOVE in the second half of 2007. With the substantial overheads associated with maintaining even a single office ensuring that high sales commissions are needed, a new breed of Internet and Technology based Franchised Estate Agent is well placed to expand rapidly. Point Five Estate Agents business model is based on the World Wide Web, thereby removing the need for expensive office premises. This is reflected in their fee charges, starting from as little as £295, but still offering maximum exposure for vendors on Rightmove, and many other property portals. By being able to pass on the benefit of reduced overheads to vendors, Point Five Estate Agents are well placed to expand their office network, by enabling either recently closed franchisors to continue trading, or new franchisees wishing to capitalise on Point Five Estate Agents web based model  |
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