| ||||
Updated RecentlyWeichert Real Estate vs Red Carpet Real Estate Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Weichert Real Estate vs Red Carpet Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $62,500 - $324,700 | $36,000 |
| Franchise Fee | $25,000 | $9,500 |
| Royalty Fee | 6% | 5% |
| Advertising Fee | 2% | 0.5% |
| Year Founded | 1969 | 1966 |
| Year Franchised | 2000 | 1970 |
| Term Of Agreement | 7 years | 5 years +7or10 |
| Term Of Agreement | 7 years | 5 years +7or10 |
| Renewal Fee | $1K | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
||
| Training | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) | Meetings Quarterly |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Field Training Franchisee Newsletter Regional or National Meetings |
| Marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing | - |
| Operations |
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)
| Average Number of Employees: 5 Full-time, 0 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
Company Overviews
About Weichert Real Estate
!["Entrepreneur]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
About Red Carpet Real Estate
Owning a Red Carpet Real Estate franchise gives you the unique opportunity to build a real estate company with unrivaled name recognition, corporate support, and market-changing technology while maintaining that crucial entrepreneurial mindset. Red Carpet Real Estate is an organization with freedom and flexibility to offer our Broker/Owners the best opportunity to successfully recruit Sales Associates and dominate their respective real estate markets.Red Carpet Real Estate serves our members. We are committed to the professional development of all of our members. Our state of the art collateral marketing tools and technology equip our members to serve the consumer. Our powerful brand name positions us in the customers' minds, as a leader in the real estate industry. From recruiting support, agent retention, sales rallies, sales and marketing training, broker support to the latest in technology, today's real estate agents are attracted to the Red Carpet name. Our unique lead generating programs allow our offices to offer in house buyer and seller leads. Agents at Red Carpet are provided with the most up-to-date marketing focused sales training programs. We pride ourselves in the latest state-of-the-art sales tools. Due to our rapidly changing industry, it is more important than ever before to be associated with a corporation that will successfully lead you into the future. Red Carpet Real Estate has been a leader in real estate for more than 40 Years.