HomeSmart vs LakePlace.com Realty Franchise Comparison

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

Start-Up Costs and Fees
 
HomeSmart Franchise
LakePlace.com Realty Franchise
Investment $65,500 - $205,000$16,000 - $114,900
Franchise Fee $20,000$10,000
Royalty Fee varies10%
Advertising Fee varies-
Year Founded 20002015
Year Franchised 20052015
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
HomeSmart Franchise
LakePlace.com Realty 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
 
HomeSmart Franchise
LakePlace.com Realty Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
HomeSmart Franchise
LakePlace.com Realty Franchise
Training Classroom Training: 40 hours Additional Training: Virtual training -
Support 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 Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5

-

Expansion Plans
 
HomeSmart Franchise
LakePlace.com Realty Franchise
US Expansion YesYes
Canada Expansion --
International Expansion Yes-

Company Overviews

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

About LakePlace.com Realty

"LakePlacecom

LakePlace.com® real estate brokerage businesses are full-service real estate brokerages that specialize in brokering the purchase,rental and sale of lake or other water-related properties through the LakePlace.com® web site.

The total investment necessary to convert an existing real estate brokerage business to a LakePlace.com®Business is from $16,000 to $33,000.

The total investment necessary to begin operation of a new LakePlace.com® Business is from $50,800 to $114,500.