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Realty ONE Group Franchise ProfileReal Estate Franchises > Residential Brokerage |
How to Start a Realty ONE Group Franchise?
To initiate the process of opening a Realty ONE Group franchise, potential franchisees must fill out an ownership application and demonstrate their financial capability to support the initial investment. The franchise agreement includes an initial franchise fee ranging from $19,000 to $25,000, due upon signing. Following this, candidates undergo training, which encompasses both operational procedures and marketing strategies vital for running a successful real estate brokerage. Once training is completed, franchisees can set up their office and begin operations, utilizing Realty ONE Group's established brand and support systems.
What Makes Realty ONE Group an Attractive Franchise Opportunity?
Investing in a Realty ONE Group franchise may be a solid choice for those passionate about real estate and entrepreneurship. The brand is recognized for its innovative technology solutions and comprehensive support, which can significantly reduce the learning curve for new franchisees. Additionally, franchisees benefit from a non-exclusive territory, allowing them to operate with flexibility. The potential for high revenue exists, especially in thriving real estate markets, as franchisees can offer a broad range of services including residential and commercial property sales.
Understanding the Financial Commitments of a Realty ONE Group Franchise
The financial commitment to join Realty ONE Group includes the initial franchise fee, which is non-refundable and must be paid at the time of signing the franchise agreement. Beyond this, franchisees should budget for various operational costs such as marketing (at least 2% of gross revenue), transaction fees, and ongoing training expenses. The total estimated initial investment can range from approximately $47,250 to $227,500, depending on various factors including office location and setup .
Is a Realty ONE Group Franchise Right for You?
Considering a Realty ONE Group franchise requires careful introspection and market analysis. The real estate sector is highly competitive, and success hinges on the franchisee's ability to attract and retain qualified agents as well as a strong customer base. Franchisees are expected to meet certain operational standards and maintain a minimum number of agents within a specified timeframe. If you are driven, have a network within the real estate community, and are prepared to navigate the challenges of the industry, this franchise could be a highly rewarding venture .
Realty ONE Group 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 ONE Group 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 |
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Total Units | 257 | 324 | 365 |
Net Change YoY | 67 | 41 | |
Franchised Units | 245 | 312 | 353 |
Net Change YoY | 67 | 41 | |
Corporate Units | 12 | 12 | 12 |
Net Change YoY | 0 | 0 |
Company Background
Realty ONE Group is a dynamic real estate franchise that was founded in 2005 in Las Vegas, Nevada. The company has rapidly grown to encompass a network of over 16,000 agents across more than 400 offices in the U.S. and internationally. Realty ONE Group prides itself on offering a forward-thinking business model that emphasizes technology, innovation, and a strong community focus, allowing agents to thrive in a competitive market. Their commitment to a unique culture and agent-centric approach sets them apart in the real estate industry.
Franchise Opportunity
Joining Realty ONE Group presents a compelling franchise opportunity for aspiring business owners looking to enter the real estate market. The franchise model is designed to empower agents with the tools and support they need to succeed while allowing for flexibility and independence. With a low start-up cost compared to traditional real estate franchises, prospective franchisees can leverage Realty ONE Group's established brand reputation and comprehensive training programs to build a successful business.
Corporate Structure
Realty ONE Group is a limited liability company (LLC) formed in Nevada. The corporate headquarters is located at 2015 Village Center Circle, Suite 100, Las Vegas, NV 89134. The company operates under the name Realty ONE Group and has a structured franchise system that provides comprehensive support to its franchisees. They are committed to maintaining high standards of service and operational excellence throughout their franchise network.
Royalties
Franchisees of Realty ONE Group are required to pay a royalty fee of 5% of their gross commission income. Additionally, there is an ongoing marketing contribution of 1% of gross sales to support national advertising initiatives. This fee structure is competitive within the real estate franchise sector and is designed to ensure that franchisees benefit from the brand's marketing efforts while maintaining profitability.
Company Mission
Realty ONE Group's mission is to transform the real estate experience for agents and consumers alike by fostering a culture of collaboration, innovation, and community engagement. The company is dedicated to providing exceptional service, empowering agents with cutting-edge technology, and promoting a sense of belonging within the Realty ONE Group family. Their mission is to make real estate a rewarding and enjoyable experience for everyone involved.
Brand Story
Since its inception in 2005, Realty ONE Group has been on a mission to redefine the real estate industry. Founded by Kuba Jewgieniew, the company was built on the principles of transparency, support, and innovation. The brand quickly gained traction, appealing to agents who were seeking a more modern and flexible approach to real estate. Realty ONE Group has since evolved into a leading franchise in the industry, continuously adapting to market changes while upholding its core values of integrity, respect, and excellence.
Frequently Asked Questions
The initial investment to open a Realty ONE Group franchise typically ranges from approximately $47,250 to $227,500, depending on various factors such as location and office setup.