Realty Executives vs NextHome Franchise Comparison

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

Start-Up Costs and Fees
 
Realty Executives Franchise
NextHome Franchise
Investment $23,500 - $171,000$14,750 - $213,100
Franchise Fee $1,000 - $50,000$3,750 - $8,000
Royalty Fee Varies$180-$190/mo.
Advertising Fee Varies$75-85/transaction
Year Founded 19652014
Year Franchised 19732014
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements
 
Realty Executives Franchise
NextHome Franchise
Experience
  • Industry experience
  • General business experience
  • Marketing skills
    		• -

    Financing Options
     
    Realty Executives Franchise
    NextHome Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/Yes-/-
    Start-up Costs No/Yes-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Realty Executives Franchise
    NextHome Franchise
    Training Classroom Training: 13.25 hours Additional Training: Ongoing training available via webinars, training center, annual conference Classroom Training: 28 hours
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
    Marketing Ad Templates National Media Regional Advertising Social media Website development Email marketing Ad Templates National Media Social media SEO Website development Email marketing
    Operations 25% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)

    		Number of Employees Required to Run: 1

    Expansion Plans
     
    Realty Executives Franchise
    NextHome Franchise
    US Expansion YesYes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Realty Executives

    The “spirit” of REALTY EXECUTIVES can best be described as the special spark we all have in common. Do you have “that Spark?” Back in 1965, that spark took the form of an idea that started this very company. Today, it lives on in integrity, leadership and ingenuity in every office around the world. It drives us, inspires us and motivates us to achieve new levels of success. You have that spark. And here at REALTY EXECUTIVES, it can light your way to a very bright future. There’s nothing like the feeling of being in charge of your own destiny. There’s a sense of confidence in knowing that your only limitations are the ones you place on yourself. At REALTY EXECUTIVES, we never want you to lose that feeling. Our company is designed to support your efforts so you have more time to do what you do best - buy and sell real estate. It’s the best of both worlds. You’ll always feel like you’re in charge of your own destiny but you’ll never feel like you're going it alone.

    About NextHome

    The real estate industry is shifting. Our current population of brokers and agents are becoming more seasoned, and many are looking for succession plan options.
    In the last 15 years, the number of REALTORS® in their 40’s has dropped, and even fewer of the next generation are choosing to enter the industry. The consumer population is changing. Generations X and Y now make up the majority of all homebuyers and sellers. By 2020 Millennials will make up at least half of the American workforce, and more than 90% plan to buy homes. Yet the majority of brokerage brands and models have not changed in culture, technology, products, services and marketing to become more relevant to today’s consumer and agents.
    "NextHome
    Created on a foundation of over forty years of franchising experience, and a leadership team who knows every side of the business. NextHome redesigned how a real estate franchise partners with its brokers. NextHome focuses on empowering every broker with streamlined, progressive products and world-class marketing.
    The consumer is our focal point for evaluating and implementing new ideas, allowing you to remain relevant and capitalize on smart strategic growth.
    NextHome strives to help you achieve agent productivity, increased profitability and systems for long-term success.

    "Entrepreneur

    #95 in Franchise 500 for 2020.
    #79 in Franchise 500 for 2021.