HomeSmart vs 1st Class Real Estate Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of HomeSmart vs 1st Class Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
HomeSmart Franchise
1st Class Real Estate Franchise
Investment $65,500 - $205,000$14,420 - $209,475
Franchise Fee $20,000$5,000 - $25,000
Royalty Fee varies-
Advertising Fee varies-
Year Founded 20002012
Year Franchised 20052018
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
HomeSmart Franchise
1st Class Real Estate 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
1st Class Real Estate Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/-Yes/-
Start-up Costs -/-Yes/-
Equipment -/--/Yes
Inventory -/--/Yes
Receivables -/--/Yes
Payroll -/--/Yes

Training & Support

 
HomeSmart Franchise
1st Class Real Estate Franchise
Training Classroom Training: 40 hours Additional Training: Virtual training Classroom Training: 16 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 Ongoing Support Newsletter Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform
Marketing Co-op Advertising Ad Templates National Media Regional Advertising Social media SEO Website development Email marketing Co-op Advertising Ad Templates Social media SEO Website development Email marketing Loyalty program/app
Operations Absentee Ownership Allowed

Number of Employees Required to Run: 2 - 5

Number of Employees Required to Run: 3

Expansion Plans

 
HomeSmart Franchise
1st Class Real Estate Franchise
US Expansion Yes-
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 1st Class Real Estate

"1st

1st Class Real Estate is a full-service real estate company that desires to help YOU grow your business! Like everyone else we offer competitive splits & support; however, it is our culture that sets us apart from the rest! We’ve made it possible for you to grow your business with a team of individuals without breaking the bank!

The total investment necessary to begin operation of a 1st Class Real Estate Full-Service Model is $55,870- $209,475.
This includes $25,950 that must be paid to the franchisor or affiliate.
The total investment necessary to begin operation of a 1st Class Real Estate Incubation Model is $14,420-$71,795.
This includes $5,950 that must be paid to the franchisor or affiliate.

Seeking new franchise units in the following regions/states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Iowa, Idaho, Illinois, Kansas, Kentucky, Louisiana, Massachusetts, Maine, Minnesota, Missouri, Mississippi, Montana, Nebraska, North Carolina, New Hampshire, New Jersey, New Mexico, Nevada, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Vermont, Wisconsin, West Virginia and Wyoming