RE/MAX vs Weichert Real Estate Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of RE/MAX vs Weichert Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
RE/MAX Franchise
Weichert Real Estate Franchise
Investment $35,000 - $250,000$50,000 - $364,700
Franchise Fee $12,500 - $35,000$25,000
Royalty Fee Varies6%
Advertising Fee --
Year Founded 19731969
Year Franchised 19752000
Term Of Agreement 5 years7 years
Term Of Agreement 5 years7 years
Renewal Fee Varies$1K


Business Experience Requirements

 
RE/MAX Franchise
Weichert Real Estate Franchise
Experience --

Financing Options

 
RE/MAX Franchise
Weichert Real Estate Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/NoNo/No
Start-up Costs No/NoNo/No
Equipment No/NoNo/No
Inventory No/NoNo/No
Receivables No/NoNo/No
Payroll No/NoNo/No

Training & Support

 
RE/MAX Franchise
Weichert Real Estate Franchise
Training Semi-annual convention and conference-
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperatives
Marketing Ad slicks, National media, Regional advertisingCo-op advertising, Ad slicks, National media, Regional advertising
Operations

Number of employees needed to run franchised unit: 2

Absentee ownership of franchise is allowed.

10% of all franchisees own more than one unit

Number of employees needed to run franchised unit: 15

Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)


Expansion Plans

 
RE/MAX Franchise
Weichert Real Estate Franchise
US Expansion --
Canada Expansion NoNo
International Expansion YesNo

Company Overviews

About RE/MAX

RE/MAX was established in 1973 by Dave and Gail Liniger, with a creative, entrepreneurial culture managing its operators and franchisees the adaptability to work their organizations with extraordinary autonomy. More than 110,000 specialists give RE/MAX a worldwide reach in more than 100 nations and regions. No one offers more land than RE/MAX when measured by private exchange sides. RE/MAX, LLC, one of the world's driving franchisors of land financier administrations, is an entirely claimed backup of RMCO, LLC, which is controlled and overseen by RE/MAX Holdings, Inc. (NYSE:RMAX). With an energy for the groups in which its specialists live and work, RE/MAX is glad to have raised more than $150 million for Children's Miracle Network Hospitals® and different foundations.

About Weichert Real Estate

Weichert, Realtors« opened in 1969 with a single office. Today, Weichert has nearly 18,000 sales associates in more than 500 company-owned and franchised sales offices in key markets throughout the U.S." A family of full-service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. The Weichert franchise organization, launched in January 2002, now serves hundreds of markets in 35 states, with over 7,000 associates in the affiliated offices alone. The Weichert« Family of Companies experienced its second best year on record, amassing an impressive $73 Billion in total company volume in 2006. Weichert is one of the nation's largest privately owned providers of real estate and home ownership services. Take the video tour and then come visit us in person at our northern New Jersey headquarters. Then read some of our testimonials. Because the proven track records of our Weichert affiliate offices best demonstrate the strength of our commitment to businesses like yours.