Red Carpet Real Estate vs NextHome Franchise Comparison

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

Start-Up Costs and Fees

 
Red Carpet Real Estate Franchise
NextHome Franchise
Investment $36,000$14,750 - $213,100
Franchise Fee $9,500$3,750 - $8,000
Royalty Fee 5%$180-$190/mo.
Advertising Fee 0.5%$75-85/transaction
Year Founded 19662014
Year Franchised 19702014
Term Of Agreement 5 years +7or10-
Term Of Agreement 5 years +7or10-
Renewal Fee --


Business Experience Requirements

 
Red Carpet Real Estate Franchise
NextHome Franchise
Experience --

Financing Options

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

Training & Support

 
Red Carpet Real Estate Franchise
NextHome Franchise
Training Meetings QuarterlyClassroom Training: 28 hours
Support Field Training

Franchisee Newsletter

Regional or National Meetings

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 Social media SEO Website development Email marketing
Operations Average Number of Employees: 5 Full-time, 0 Part-time

Passive Ownership: Allowed, But Discouraged

Number of Employees Required to Run: 1

Expansion Plans

 
Red Carpet Real Estate Franchise
NextHome Franchise
US Expansion YesYes
Canada Expansion --
International Expansion --

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 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.