Frequently Asked Questions
These are the most common questions that we have received from our past applications. Fill the form on the side to access the overview document which will help you to better understand how this business works.
Services which are included in every Franchised Business are:
- Pre-purchase Building Inspections
- Pre-purchase Timber Pest Inspections
- Depreciation Schedule Inspections
- Annual Termite Inspections
- Pool Barrier Inspections
- Handover Defects Inspections - on new builds
- Owner Builder Warranty Inspections
- Vendor Inspections
- Commercial Inspections
- Dilapidation Inspections
- Methamphetamine Testing Inspections
- Structural Inspections
The license fee for a new area of operation is $67,500 plus GST. If an area is established and generating inspection revenue the license may vary to reflect this added value.
Resicert offer 10-year franchise agreements which also have one 10-year renewal options.
You never have to chase money from the client, Resicert collects all inspection fees and Inspectors are paid weekly.
The sequence of steps are as follows:
- Obtain preliminary information for review
- If you want to go ahead submit an application form - we will review
- Conduct formal due diligence over a 14 day period - decide if you want to proceed
- Get the paper work created and finalised
- Move into the Establishment and Training process
- Go through onsite inspection training
- Get ready to roll out your business
- Launch your business
This differs from state to state. For example, in Sydney we have 19 areas that could potentially be Franchised to 19 separate franchisee. Each area is approximately the same size in terms of properties, past sales and referral sources. You will receive a more accurate picture of your area of interest once you enter Due Diligence. We have a staged roll out to ensure the business viability of the franchisee is not impacted.
Yes you can, however, all Inspectors must be suitably qualified and trained by Resicert.
The role of getting new busines is shared by both the Inspector and Resicert. The functions of a Licensed Inspector are two fold:
- To build and maintain relationships with referral sources such as Real Estate agents.
From executing documents to kicking off your business typically will take 2 to 3 months - on a part time basis. This is a self paced process. Training is ongoing with Resicert as new laws and situations constantly arise and there may be the need to upgrade skills in specific areas.
This will vary according to how many inspections you do. Some of our Inspectors are able to do over 40 inspections per month. Further financial examples will be provided as you progress the due diligence of our business model.
Yes, full details of available areas are cover in the Franchisee Agreement. Whilst our agreement offers non–exclusive territory you do have an exclusive direct marketing area.
The Australian Standard for Inspections is AS4349 – it doesn't state any specific qualifications that are required to be a Building inspector. It does state that you have to be a ‘Suitably qualified and experienced person’ We find however that those who have had an engineering, building, trade or property renovation background are most interested in becoming an Inspector. Resicert has created a course and training system to ensure that Inspectors are able to successfully carry out an inspection to the specifications outlined in AS4349. We have completed over 40,000 inspections to date so we know what we are doing!
We have a Franchise Recruitment team dedicated to getting you through the initial processes, should you decide to proceed. They will be your contact through the initial stages and can be contacted with any questions. If they do not have the answers, they will find out for you.Once you have completed Due Diligence a meeting will be arranged to answer any final questions and book your Final Interview.
Everyone needs time off. Currently there are 2 options for achieving this.
- Co-ordination with other Franchisee. As you work your area you will come to know the Franchisee which are on your bordering areas. With our help, you can coordinate with the others so that they can cover your work while you are away. Obviously, plenty of notice is required.
- Another suggestion for the Franchisee is to train up a Property Inspection Contractor to support them through busy periods, sickness and leave. The earlier this is set up the better. Once fully Franchised you may be able to give this contractor 2-3 jobs each week and then as the business grows you will be able to fire more jobs their way giving you the ability to focus on business development – such as building relationships with Real Estate and Referral Agents.
The areas are divided up according to “Units of Demand”. This takes into account the number of houses, house sales, Real Estate Agents and other Referral Sources in any given area and is based on historical figures over the past 4 years of operation. Once in Due Diligence, you will have the opportunity to indicate which area interests you.