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Below is an in-depth analysis and side-by-side comparison of State Wide Real Estate vs Rapid Realty including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $10,000 - $50,000 | $90,000 - $150,000 |
Franchise Fee | $5,000 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | - | - |
Year Founded | 1944 | - |
Year Franchised | 1979 | - |
Term Of Agreement | 5 years | - |
Term Of Agreement | 5 years | - |
Renewal Fee | - | - |
Business Experience Requirements |
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Experience | - | |
Financing Options |
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In-House/3rd Party | In-House/3rd Party | |
Franchise Fees | Yes/No | -/- |
Start-up Costs | No/No | -/- |
Equipment | No/No | -/- |
Inventory | No/No | -/- |
Receivables | No/No | -/- |
Payroll | No/No | -/- |
Training & Support |
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Training | - | - |
Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet | - |
Marketing | Co-op advertising, Ad slicks, Regional advertising | - |
Operations |
3% of all franchisees own more than one unit Number of employees needed to run franchised unit: 2 - 10
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | No | - |
International Expansion | No | - |
Do You...
As a RapidRealty franchisee, you’ll be joining a diverse team of energetic entrepreneurs
in a company with a truly one-of-a-kind culture. In an industry where
professionals are often seen as overly slick and hyper-competitive, RapidRealty promotes a fun environment where people are encouraged to work together.
Our unique assembly-line style approach to real estate and our
emphasis on training make it easy for new agents to get started in the
business. Many agents land a deal within their first week on the job.
But more than that, it rewards agents for working together to use their
individual talents to help our clients find - and get approved for - the
perfect home.