Management Rights

Management Rights owners, Real Estate Agents and Letting Agents must hold a current licence issued by the Office of Fair Trading (OFT) and ensure that their business complies with the relevant legislation. The OFT oversees the compliance of business operators with the legislation and can inspect agents’ trust account records at any time. Failure to adhere to requirements can lead to licence holders being issued with official warnings or infringement notices.

As we step into the third quarter of the 2024 year, let’s reflect on the key highlights from the MLR and Real-Estate industry during the first two quarters of the year.

In the latest episode of the Building Your Business podcast, Chris Lewis hosts Greg Jorgensen (Founder, Management Rights Brokers Australia) and Peter Spranklin (Principal, Spranklin Legal), alongside Smiljan Jankovic (AGR Managing Director) as they discuss the Management Letting Rights industry over the last 12 month period.

All businesses face the necessity and reality of expenses. However, when was the last time you reviewed the expenses in your Management Letting Rights business?

Whether you’ve newly purchased or have a well-established operation, preparing your Management Rights business for sale is an important scenario to consider in the back of your mind.

In our latest Building Your Business podcast episode, Chris Lewis chats with Smiljan Jankovic as they discuss what has been seen across the last 12 months in the Management Rights industry, and an overall sector update MLR professionals.

For Management Rights owners, remaining compliant with governing standards is an essential business and licensing requirement – regardless whether you are a seasoned operator or new to the industry.

Investment in Off-the-Plan Management Rights has always been a good proposition for experienced managers, whether in the short-term or permanent sector. From the early stage, investors have been purchasing MLR businesses and turning them around in a short period with aim to make quick profits. This has unfortunately changed over the past two decades and currently, buying an Off-the-Plan Management Rights business is a relatively long-term process and a longer investment proposition.

We're thrilled once again to be featured as an 'Industry Preferred Supplier' in the January 2022 edition of Resort News Magazine - the leading monthly magazine for Management Rights and Accommodation Industry Professionals.

For the latest episode of the Building Your Business podcast, Chris Lewis and Smiljan Jankovic are joined by guest: Vanessa Sciortino - Special Counsel, Nicholsons Solicitors.