| ||||
Updated RecentlyBetter Homes Realty vs Corcoran Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Better Homes Realty vs Corcoran including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $61,500 | $52,850 - $520,500 |
| Franchise Fee | $9,950 | $35,000 |
| Royalty Fee | Varies | 6% |
| Advertising Fee | - | 0.5%-1% |
| Year Founded | 1964 | 2015 |
| Year Franchised | 1975 | 2019 |
| Term Of Agreement | 5 years | - |
| Term Of Agreement | 5 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | - |
Financing Options |
||
| 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 |
||
| Training | Available at headquarters, Available at franchisee's location | - |
| Support | Newsletter, Meetings, Toll-free phone line, Grand opening, Internet | - |
| Marketing | Co-op advertising, Ad slicks | - |
| Operations |
10% of all franchisees own more than one unit
Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
||
| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | Yes |
Company Overviews
About Better Homes Realty
In 1964 a group of independent real estate brokerage offices in the Walnut Creek, California, area came together to do business as Better Homes Realty. The company began adding offices throughout Contra Costa County, California, and in 1975 Better Homes Realty obtained a franchise license to expand the concept in California. The company has been franchising nationally since 1981.
About Corcoran
!["Corcoran]("https://fddexchange.com/wp-content/uploads/2019/12/Corcoran-300x76.jpg")
Since 1973, the agents of Corcoran have been earning and keeping our clients’ trust with an unwavering commitment to integrity and service. In every market we serve, Corcoran is a family of world-class professionals, combining real estate expertise with unrivaled market knowledge and neighborhood fluency.
The total investment necessary to begin operation of a Corcoran®
franchise is approximately $52,850 to $333,200 for a conversion real
estate office, and $134,350 to $520,500 for a start-up real estate
office. This includes $5,000 to $35,000 that must be paid to the
franchisor or an affiliate as an initial franchise fee. The initial
franchise fee for a residential conversion or start-up franchise is
$35,000 for the Main Office and $10,000 for each additional Branch
Office.