Former Purplebricks boss launches industry foundation to ‘give something back’

May 7, 2021 0 Comments

first_imgPurplebricks founder Michael Bruce has launched a foundation today that seeks to improve the mental and business well-being of estate agents across the UK.The former Purplebricks CEO, who is now estimated to have made at least £35 million from selling his shares in the company, says he wants to give something back to the industry.Called ‘Agents Together’ and backed by a host of well-known industry names including his brother Kenny, Stephen Brown, Chris Watkin and Mike Day, it also has a loftier aim.This, he says, is to improve the public perception of estate agents overall, although Bruce admits that “Rome wasn’t built in a day”.Funded during the first year via £1 million from Bruce, it will employ mental health coaches for agents who need it, but is also enlisting volunteer mentors to match with agents who need help with different aspects of running their business.“There are hundreds of people out there who we believe will offer their services without a cost, but if we engage people in a health professional capacity such as a psychologist then that might be on more of a commercial basis,” says Bruce.Mentoring programmeThe mentoring programme will be free and includes two types; 30-minute speed mentoring sessions as well as a more structured and long-term programme.As well as local and national volunteers, this will include several well-known UK and international business names from outside the industry, who are yet to revealed.Sessions will be online only initially, but once the lockdown is fully lifted could include face-to-face meetings.“If I was mentoring someone and they were mad enough to want my help then I’d certainly want to meet in the flesh because you do need to get to know them,” says Bruce.He believes that the challenges presented by the Covid-19 pandemic will prove a turning point for estate agency and that the foundation can help people come together, and says it will be concentrating its efforts at first on estate agency businesses leaders.“After Coronavirus arrived, the whistle blew and everyone walked off the field,” says Bruce. “I could feel that there was a change of mood in the industry and there was an opportunity to bring agents together in the way I always wanted to.”Allstars CEOThe foundation is headed up by CEO Sarah Edmundson (pictured, above), a former Fine & Country agent and now Allstars trainer, who is working alongside its trustees. These include former Virgin communications chief Will Whitehorn and Moneypenny’s Samantha Jones.“In the early days of the lockdown it was clear that there were some agents out there, particularly those working home alone, who felt they needed help but didn’t know where to go,” says Edmundson.“It was glaringly obvious that giving them one place to come to with no commercial objectives other than to help people could be of great use now, as well as into the future.Agents can now visit the website where helpline directories, an information hub, details of how to find business and mental health training and a forum are live, while other features including videos will be added later.Agents Together Sarah Edmundson Purplebricks Michael Bruce Mike Day Chris Watkin June 9, 2020Nigel Lewis4 commentsRichard Rawlings, Estate Agency Insight Estate Agency Insight 9th June 2020 at 10:51 amI’m proud to be on the training panel of Agents Together. Having had several conversations with Michael Bruce over the past few weeks, I can tell you there is nothing but a genuine desire to support our industry here, from both personal and business welbeing perspectives. I’d advise any agent to take full advantage of the tremendous amount of freely-given expert knowledge, advice and counselling that’s on offer here. Have a great day.Log in to ReplyAdam Pigott, OpenBrix OpenBrix 9th June 2020 at 8:51 amReally? Is this 1st April? The very same, who attacked the industry, caused wholesale fee reduction? This time it’s all about t a charity? I smell a rat!Log in to ReplyRichard Rawlings, Estate Agency Insight Estate Agency Insight 9th June 2020 at 10:44 amCaused a fee reduction? You can charge what you like. On the contrary, the Bruces spotted an opportunity to offer an alternative service to the public. It was a low fee, hands-off, service. Good high street agents recognised the opportunity to raise their game and pull away from that approach and in doing so raised their fees. I have seen agency fees rise over the past year or two with many now charging at least 2.5%.Log in to ReplyAndrew Stanton, CEO Proptech-PR Real Estate Influencer & Journalist CEO Proptech-PR Real Estate Influencer & Journalist 9th June 2020 at 8:49 amNot one to be controversial, and of course many know my thoughts on a certain online agency, but I take my hat off to anyone in a position of influence within the industry who puts his hand in his pocket to help the real estate cause. Well done Bruce & Kenny Bruce and Chris Watkin et al.Whilst many in high office are re-arranging the deckchairs I actually applaud Messrs Bruce, because 2020 is going to be far worse than 2008, and the mental welfare of the agency clan will be tested as never before.Support, understanding and help is what it needed and I hope that many in the industry will seize the opportunity to help their brothers and sisters in what may turn out to be the darkest of days, ‘Agents Together’ we certainly are, now is the time to act like it.Log in to ReplyAny comments? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Agencies & People » Former Purplebricks boss launches industry foundation to ‘give something back’ previous nextAgencies & PeopleFormer Purplebricks boss launches industry foundation to ‘give something back’It won’t be popular with some agents who view Michael Bruce’s legacy dimly, but the foundation is backed with £1 million of his personal wealth.Nigel Lewis9th June 20204 Comments2,726 Viewslast_img read more