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Realty Executives Franchise ProfileReal Estate Franchises > Residential Brokerage |
How To Open a Realty Executives Franchise?
To begin your journey as a Realty Executives franchisee, you will need to submit a franchise application. Upon approval, you will participate in training that introduces you to their unique 100% commission business model. This training may take place at their headquarters in Phoenix, Arizona, or through virtual platforms. After completing the training, you’ll be equipped to launch your own real estate office under the Realty Executives brand, allowing you to offer a range of real estate services such as buying, selling, and property management.
What Are the Costs Involved in a Realty Executives Franchise?
The initial investment for a Realty Executives franchise can vary significantly based on location and business setup. Typically, you should anticipate an initial franchise fee and other startup costs, which may include office setup, marketing, and technology fees. Ongoing costs include a monthly royalty fee based on your office's performance and potential contributions to a national marketing fund. It’s essential to evaluate your financial readiness by reviewing the Franchise Disclosure Document (FDD) and consulting with a financial advisor.
Why Choose a Realty Executives Franchise?
Realty Executives is recognized for its innovative commission structure, allowing agents to retain 100% of their commissions while paying a flat fee. This model can be appealing to seasoned agents looking to maximize their earnings. Additionally, Realty Executives has a strong brand presence and provides comprehensive support, including marketing resources, technology tools, and a collaborative network of fellow franchisees. If you are passionate about real estate and entrepreneurship, this franchise might align well with your career goals.
Is a Realty Executives Franchise Right for You?
Owning a Realty Executives franchise offers the opportunity to run your own real estate business with the backing of a respected brand. However, it requires a solid understanding of the real estate market and a commitment to building a client base. The competitive nature of the real estate industry means that success may depend on your ability to attract and retain talented salespeople. Reflect on your business acumen, readiness to invest in your franchise, and whether you have a network to leverage as you start your new venture.
Realty Executives Franchise Financial Requirements
Below, you’ll find an overview of the initial investment needed to launch the business, along with the ongoing fees required by the franchisor to maintain operations over time.
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Realty Executives Franchise Unit Growth Summary
A breakdown of corporate, franchised, and total units, with yearly net changes shown in the chart and table.
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| Units | 2021 | 2022 | 2023 |
|---|---|---|---|
| Total Units | 309 | 299 | 287 |
| Net Change YoY | -10 | -12 | |
| Franchised Units | 265 | 299 | 287 |
| Net Change YoY | 34 | -12 | |
| Corporate Units | 44 | 0 | 0 |
| Net Change YoY | -44 | 0 |
Company Background
Realty Executives is a leading real estate franchise chain that has been in operation since 1965. With a focus on providing exceptional service and innovative solutions to both buyers and sellers, Realty Executives has grown significantly, boasting a network of over 500 offices across the United States and internationally. The company emphasizes a unique agent-centric model, empowering real estate professionals with the tools and resources necessary to thrive in a competitive market.
Franchise Opportunity
Investing in a Realty Executives franchise offers you the opportunity to join a respected brand in the real estate industry with a proven track record. As a franchisee, you will benefit from comprehensive training, marketing support, and access to cutting-edge technology that enhances operational efficiency. This franchise model allows you to leverage the brand's established reputation while pursuing your entrepreneurial dreams in real estate.
Corporate Structure
Realty Executives International, Inc. was founded in 1965 and operates as a franchisor of real estate brokerage services. The corporate headquarters is located in Scottsdale, Arizona, and the company has expanded its reach by establishing franchises in various markets. Realty Executives is dedicated to supporting its franchisees with a robust infrastructure that includes training programs, marketing initiatives, and ongoing operational assistance.
Royalties
Franchisees of Realty Executives are required to pay a royalty fee of 5% of their gross sales. In addition to the royalty fees, franchisees may also contribute to a marketing fund, which is typically around 1% of gross sales. These fees are essential for maintaining the brand's visibility and supporting collective marketing efforts that drive traffic to individual franchises.
Company Mission
Realty Executives is committed to providing exceptional real estate services by fostering integrity, professionalism, and innovation in the industry. The company aims to empower its franchisees and agents to deliver unparalleled customer experiences through comprehensive training and support. By focusing on building lasting relationships with clients, Realty Executives strives to be the preferred choice for real estate transactions in every community it serves.
Brand Story
Founded by a visionary in the real estate industry, Realty Executives has built a legacy of excellence since its inception in 1965. The brand was established on the principle of empowering real estate professionals to operate independently while benefiting from the strength of a national brand. Over the years, Realty Executives has gained recognition for its innovative approach to real estate, focusing on agent productivity and client satisfaction. Today, the brand continues to grow, evolving with the market while remaining true to its foundational values of service and integrity.
Frequently Asked Questions
The total investment to begin operating a Realty Executives franchise ranges from $47,700 for a virtual office to $400,500 for a physical office, including a franchise fee of $30,000 that must be paid to the franchisor.