| ||||
Updated RecentlyWeichert Real Estate vs Realty ONE Group Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Weichert Real Estate vs Realty ONE Group including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $62,500 - $324,700 | $44,250 - $222,500 |
| Franchise Fee | $25,000 | $25,000 |
| Royalty Fee | 6% | 2% |
| Advertising Fee | 2% | - |
| Year Founded | 1969 | 2005 |
| Year Franchised | 2000 | 2012 |
| Term Of Agreement | 7 years | - |
| Term Of Agreement | 7 years | - |
| 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) | On-The-Job Training 144 hours Classroom Training 28 hours Additional Training Affiliate coaching program, ongoing regional and virtual workshops |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Purchasing Co-ops Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform |
| Marketing | Co-op Advertising National Media Regional Advertising Social media Email marketing | Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Loyalty program/app |
| 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)
| Number of Employees Required to Run: 3 |
Expansion Plans |
||
| US Expansion | Yes | - |
| Canada Expansion | No | - |
| International Expansion | No | - |
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]("https://d3fg11dgb68kbp.cloudfront.net/assets/photos/franchise-badge-22686037fc120ba1bd59c2c9fd6e0fbf.png"){kind=icon}
#285 in Franchise 500 for 2020.
#337 in Franchise 500 for 2021.
About Realty ONE Group
Realty ONE is franchising across the nation, opening doors for entrepreneurs every day! Join us as we continue to paint the nation gold, shake the real estate industry to its core, and give you the tools to empower your business to take it to the next level.
Realty ONE Group is redefining the real estate industry by offering unmatched support, leading technology, a 100% commission model and an innovative COOLTURE. We are painting the globe gold and have expanded to more than 150+ locations in the world. We are on the search for the next Rockstar to join our ONE family!
Seeking new franchise units worldwide.
#92 in Franchise 500 for 2020.
#40 in Franchise 500 for 2021.