Members of The Guild of Property Professionals were able to save thousands on costs last year by being a part of one of the UK’s largest estate agency networks, according to Iain McKenzie, CEO of The Guild of Property Professionals.
The organisation claims that it was able to collectively save its members more than £26m in costs that they would have otherwise paid for products and services to third parties had they not been a part of the network.
McKenzie explained: “There are a wide variety of invaluable tools that are included in our standard Membership package that if purchased separately would cost agents in the regional of *£3,294 per month if they had to approach third parties independently for those products and services.
“Considering our monthly Memberships fees are £495, each of our Members is potentially saving around £2,799 a month, which equates to £33,588 a year and over £26 million throughout the network,”
He added: “The size and influence of our network has allowed us to negotiate preferential deals with third party suppliers for our Members, helping to money back in their pockets.
“Rather than paying for fragmented services, it makes sense for property professionals to join a network such as The Guild and get the exclusivity, the referrals, the income-generating tools, legal advice and compliance all under one roof for a set monthly fee.”
The organisation introduced several additional tools and products last year that it says not only saved members money, but also generated further revenue.
McKenzie continued: “The underlying goal of our organisation, which drives our decision making in terms of our service offering is split into three aspects, which are to save money, make money and remain compliant.
“During 2020 we launched a number of lead generation products such as the virtual viewings and valuation tools, Hooked, and Dataloft market reports, to name a few, which helped our members to increase their revenue streams and gain market share in a very unpredictable and challenging year.”
Savings if you choose to take the product that is. How did that deal with Easy Property work out for the Guild btw ? Don’t hear anything on this at all these days yet a deal that goes against the grain of everything independent estate agency should be.
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I respectfully disagree and would suggest that you might want to ” have a think “.
Independent estate agency ( however you may choose to define it ) should be all about trying new ideas and being prepared to fail in order to learn from those mistakes and improve. The Guild offered the EasyProperty concept to members and ultimately it didn’t work for them. I say good for them and the Guild members who were prepared to try something new.
The Guild is an excellent organisation that constantly strives to innovate and offer members excellent value – including genuine money saving ideas… I applaud them and their hard working team!
” A person who never made a mistake never tried anything new. ” Albert Einstein
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“Considering our monthly Memberships fees are £495, each of our Members is potentially saving around £2,799 a month, which equates to £33,588 a year and over £26 million throughout the network,”
A lot of assumptions in that sentence.
“The size and influence of our network has allowed us to negotiate preferential deals with third party suppliers for our Members, helping to money back in their pockets.”
The thing here is, The Guild ultimately decide on which suppliers they recommend, therefore limiting their members choice. Would be interesting to understand if there is an exchange in pieces of silver for The Guild to opt for one over another?
I used to have the enamel badge emblazoned on my lapel too. I must confess I struggled to find the value.
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If my memory serves me right the sting in the tail was that the Guild fee’s increased after a period of time. So in the short term, they may save some money but that will be recouped in the long term.
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