Red Carpet Real Estate vs HomeSmart Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Red Carpet Real Estate vs HomeSmart including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Red Carpet Real Estate Franchise
HomeSmart Franchise
Investment $36,000$65,500 - $205,000
Franchise Fee $9,500$20,000
Royalty Fee 5%varies
Advertising Fee 0.5%varies
Year Founded 19662000
Year Franchised 19702005
Term Of Agreement 5 years +7or10-
Term Of Agreement 5 years +7or10-
Renewal Fee --


Business Experience Requirements

 
Red Carpet Real Estate Franchise
HomeSmart Franchise
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

 
Red Carpet Real Estate Franchise
HomeSmart Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
Red Carpet Real Estate Franchise
HomeSmart Franchise
Training Meetings QuarterlyClassroom Training: 40 hours Additional Training: Virtual training
Support Field Training

Franchisee Newsletter

Regional or National Meetings

Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
Marketing -Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing
Operations Average Number of Employees: 5 Full-time, 0 Part-time

Passive Ownership: Allowed, But Discouraged

Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5


Expansion Plans

 
Red Carpet Real Estate Franchise
HomeSmart Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Red Carpet Real Estate

Owning a Red Carpet Real Estate franchise gives you the unique opportunity to build a real estate company with unrivaled name recognition, corporate support, and market-changing technology while maintaining that crucial entrepreneurial mindset. Red Carpet Real Estate is an organization with freedom and flexibility to offer our Broker/Owners the best opportunity to successfully recruit Sales Associates and dominate their respective real estate markets.Red Carpet Real Estate serves our members. We are committed to the professional development of all of our members. Our state of the art collateral marketing tools and technology equip our members to serve the consumer. Our powerful brand name positions us in the customers' minds, as a leader in the real estate industry. From recruiting support, agent retention, sales rallies, sales and marketing training, broker support to the latest in technology, today's real estate agents are attracted to the Red Carpet name. Our unique lead generating programs allow our offices to offer in house buyer and seller leads. Agents at Red Carpet are provided with the most up-to-date marketing focused sales training programs. We pride ourselves in the latest state-of-the-art sales tools. Due to our rapidly changing industry, it is more important than ever before to be associated with a corporation that will successfully lead you into the future. Red Carpet Real Estate has been a leader in real estate for more than 40 Years.

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