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 $37,500 - $225,000$50,000 - $364,700
Franchise Fee $15,000 - $32,000$25,000
Royalty Fee Varies6%
Advertising Fee -2%
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 conferenceClassroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local)
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluations, Purchasing cooperativesNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Ad slicks, National media, Regional advertisingCo-op Advertising National Media Regional Advertising Social media Email marketing
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: 5

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


Expansion Plans

 
RE/MAX Franchise
Weichert Real Estate Franchise
US Expansion -Yes
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. Jim Weichert opened his first real estate office in Chatham, New Jersey,  He began franchising in 2000, and today the company is based in Morris Plains, New Jersey. Franchisees help customers buy and sell both residential and commercial real estate, and streamline the delivery of mortgages and home and title insurance.