Weichert Real Estate vs HomeSmart Franchise Comparison

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

Start-Up Costs and Fees

 
Weichert Real Estate Franchise
HomeSmart Franchise
Investment $62,500 - $324,700$65,500 - $205,000
Franchise Fee $25,000$20,000
Royalty Fee 6%varies
Advertising Fee 2%varies
Year Founded 19692000
Year Franchised 20002005
Term Of Agreement 7 years-
Term Of Agreement 7 years-
Renewal Fee $1K-


Business Experience Requirements

 
Weichert Real Estate Franchise
HomeSmart Franchise
Experience - We're looking for outgoing, results-oriented franchise candidates with strong track record of business success; people that can build relationships, lead teams, and have the motivation to excel! *Liquid Capital Required: $49,000 *Net Worth Required: $125,000

Financing Options

 
Weichert Real Estate Franchise
HomeSmart Franchise
  In-House/3rd PartyIn-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

 
Weichert Real Estate Franchise
HomeSmart Franchise
Training Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) Classroom Training: 40 hours Additional Training: Virtual training
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet PlatformNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising National Media Regional Advertising Social media Email marketingCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development 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)

Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5


Expansion Plans

 
Weichert Real Estate Franchise
HomeSmart Franchise
US Expansion YesYes
Canada Expansion No-
International Expansion NoYes

Company Overviews

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.

"Entrepreneur

#285 in Franchise 500 for 2020.
#337 in Franchise 500 for 2021.


About HomeSmart

HomeSmart International offers franchise opportunities using a proven “Low-fee, high-value” brokerage model. High value is achieved through SMART execution and service. This results in innovative processes and technology that will continue to revolutionize the residential real estate industry, while keeping your brokerage on the forefront. Our proven model focuses on four key pillars of success: Career Services, Agent Services, Broker Services and Transaction/Closing Services- and the creation of operational efficiencies within each pillar through our proprietary technology. Join One of the Fastest Growing Real Estate Companies! This franchise model has created one of the fastest growing real estate companies in the nation in a very short time, with agent counts up 51% over the last two years to over 7,700 agents worldwide in 14 states and 2 countries. We have immediate plans to continue our exponential growth across the United States this year.

Make the SMART move with HomeSmart

Learn more to see if the HomeSmart real estate franchise model might be the right fit for you.
See how HomeSmart is leading the real estate revolution.

Veteran Incentives  25% off franchise fee