Following the appointment of an anti-money laundering provider, a network has acquired 13 new offices, as independent agencies aim to stay ahead of the Tranche 2 reforms while being supported under a franchise model.
LJ Hooker has linked its early adoption of a recommended anti-money laundering (AML) provider to a surge in franchise acquisitions, as the network’s new office growth across Australia and New Zealand reached double digits over a short period.
According to LJ Hooker, independent agencies have been increasingly looking for cost savings, guidance and a collaborative approach when undertaking AML reforms.
LJ Hooker's head of growth, Jarita Rayasam, said bigger networks have an edge in the upcoming reforms as they can streamline processes around the new rules while supporting their agencies.
“Unlike independent agencies having to negotiate these complex reforms on their own, we are providing solutions, collaboration and significant cost savings for our offices,” Rayasam said.
“When you’re on your own or part of a small network, it can be difficult to navigate operational and strategic challenges without this level of support.”
“Being part of a network means you’re not just running a business; you’re part of a community that helps you grow smarter, faster and more sustainably,” she said.
While some independent agencies have chosen to join larger networks, Rayasam said that all agents should start developing an understanding of the new regulations ahead of the 1 July 2026 start date.
“1 July 2026 is the finish line, not the start, so we made the strategic decision to go early, giving our network plenty of time to familiarise themselves.”
“The truth is, if I were a real estate agent, I’d be genuinely worried if I didn’t have an AML provider already lined up,” she concluded.
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