ERA Franchise Systems LLC vs HomeSmart Franchise Comparison

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

Start-Up Costs and Fees

 
ERA Franchise Systems LLC Franchise
HomeSmart Franchise
Investment $27,350 - $432,550$65,500 - $205,000
Franchise Fee $25,000$20,000
Royalty Fee 6% of gross revenuevaries
Advertising Fee 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch)varies
Year Founded 19712000
Year Franchised 19722005
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements

 
ERA Franchise Systems LLC Franchise
HomeSmart Franchise
Experience
  • Industry experience
  • General business 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

     
    ERA Franchise Systems LLC Franchise
    HomeSmart Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs Yes/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support

     
    ERA Franchise Systems LLC Franchise
    HomeSmart Franchise
    Training -Classroom Training: 40 hours Additional Training: Virtual training
    Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluationsNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Ad slicks, National media, Regional advertisingCo-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
    Operations International franchisees required to buy multiple units/master licenses

    Absentee ownership of franchise is NOT allowed.

    Absentee Ownership Allowed

    Number of Employees Required to Run: 2 - 5


    Expansion Plans

     
    ERA Franchise Systems LLC Franchise
    HomeSmart Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion NoYes

    Company Overviews

    About ERA Franchise Systems LLC

    Since its founding in 1971, ERA has helped homebuyers, sellers and renters with all their real estate needs. In addition to listing homes and providing other brokerage services, the company provides such special services as utility transfer, connection and disconnection.

    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