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Owning a real estate franchise has many advantages... Here are a few: Recognition A nationally recognized and successful real estate brand name gives your real estate business instant recognition and market awareness that leads to more prospective buyer and sellers. Resources A brand name, marketing tools/resources and cooperative marketing ventures increase the ability to promote your real estate business on a broader scale. Recruitment Association with a top real estate franchise improves agent recruitment and retention. Networking Franchises offer more networking opportunities for real estate professionals and the synergy of being part of a team. Training Top franchises offer high levels of training and mentoring through live and online courses, seminars, and sales conferences. Benefits Group medical insurance and retirement programs not available to independent agencies are often available through franchises. Earnings Franchises may lead to increased revenue opportunities through additional services such as title, financing and other home ownership services. Shopping for a Real Estate Franchise - What Should I Look For? All real estate franchises are not alike. Here are some factors to look for as you shop for real estate franchises: Responsiveness Make sure the franchisor is responsiveness to franchise inquiries. Telephone calls are returned promptly. Questions and concerns are encouraged and fully addressed to your satisfaction. Financial Strength Is the real estate parent corporation strong and profitable? Lawsuits What is the litigation history? It is not unusual for major corporations to face litigation in today's world; however, be wary of companies with repeat legal claims and excessive litigation history. Support What kind of assistance is available for real estate franchise financing? Although the franchisor most likely does not offer direct financing, they should referrals to prospective lenders and other financing resources. Marketing Is proactive marketing using multiple channels available at a reasonable cost for franchisees? Territory Does the franchisor offer a protected territory? Training Are training and coaching provided for franchise members and their teams? Benefits Are employment benefits such as group medical insurance, life insurance and retirement plans are available? When you franchise with Prospect Equities, not only do you enhance your firm's local and regional strengths with our marketing prowess, but you tap the strength of a powerful, trusted name brand. Benefits of Franchising with Prospect Equities can include: A clear distinction from the competition with our unique Customer Strategy System and Prospect Equities Platinum Club programs Perfected agent recruitment and retention. Limitless potential to increase your profitability as part of our Prospect Equities Referral and Ancillary Network Systems, tools, training and benefits to help you compete in any marketplace and with proven "recession-proof" strategies A helping hand to work with you, build your profitability, and grow your financial assets A low start-up and flexible franchise pricing model including a protected territory You must qualify to be awarded a Prospect Equities Franchise. Since territories are limited, we will only select the most qualified brokers to be awarded this opportunity. When you're ready to discuss a possible Real Estate Franchise with Prospect Equities, just email us at [email protected], or call us at 800-913-4110 and one of our Franchise Development specialists will be happy to assist you.
Below is a quick comparison of Prospect Equities against other Real Estate franchises and business opportunities. For an in depth comparison of Prospect Equities with another opportunity including start-up costs and fees, business experience requirements, training & support and financing options click on the name of the company to view the detailed comparison.
Franchise | Franchise Fee | Royalty | Advertising Fee | Development Costs |
@properties | $35,000 | $95,350-$295,000 | ||
14 Moves | $45,000 | 6% | $58,849-$90,600 | |
1st Class Real Estate | $5,000-$25,000 | $14,420-$209,475 | ||
Advance Realty | $17,500 | 1.75% | $55,600-$129,000 | |
All County Property Management | $39,500 | 7% | 1% | $66,950-$98,900 |
America's Choice | $21,000 | $33,000-$45,000 | ||
Assist-2-Sell | $14,500 | 5% | 1% | $24,025-$45,500 |
Avalar Real Estate & Mortgage Network | $4,400-$12,500 | 5% | $31,000-$315,500 | |
Benham Real Estate | $6,500 | $195/transaction | $11,800 | |
Better Homes and Gardens Real Estate | $0-$35,000 | 5% | 1% | $32,420-$455,000 |
Better Homes Realty | $9,950 | Varies | $61,500 | |
Big Block Realty | $25,000 | $61,500-$153,500 | ||
Bridge Business & Property Brokers | $25,000 | 6% | $38,000-$63,000 | |
Bug Realty | N/A | $39,533-$78,217 | ||
Buyer's Agent, The | $14,900 | 5% | 1% | $25,000-$50,000 |
Century 21 | $12,500-$25,000 | 6% | 2% | $24,700-$451,350 |
Coldwell Banker | $13,000-$25,000 | 6% | 2% | $23,500-$70,100 |
Commercial Property Consultants | N/A | $39,995-$89,995 | ||
Commission Express | $15,000-$60,000 | Varies | $112,800-$301,500 | |
Corcoran | $35,000 | 6% | 0.5%-1% | $52,850-$520,500 |
Counselor Realty | $7,500-$15,000 | $24,350-$105,700 | ||
Creative Housing Solutions | $150,000 | $200,000-$400,000 | ||
Crye-Leike | $13,500-$25,000 | 6% | $59,100-$160,300 | |
eFlatFee Realty | $6,000 | $500/mo. | $6,000 | |
Engel & Voelkers | $25,000 | 6% | 1.5% | $176,000-$320,500 |
ERA Franchise Systems LLC | $25,000 | 6% of gross revenue | 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch) | $27,350-$432,550 |
Exit Realty | N/A | $66,000-$217,000 | ||
Exit Realty Florida | $25,000 | $295/mo. | $61,000-$210,000 | |
Flat Rate Realty | $10,000 | $500 | $42,500-$125,000 | |
FSBOHomes.com | $25,000 | $163,404-$349,694 | ||
GendolfBau Real Estate | $10,000-$11,000 | $500 | $50 | $15,000 |
Global Choice Real Estate | $14,500 | Flat fee of $795 per month | $39,900-$188,000 | |
Help-U-Sell Real Estate | $17,750 | 6% | $29,650-$67,650 | |
HomeGate Real Estate | N/A | $3,500-$10,000 | ||
Homeowners Concept | $4,000 | $16,000-$20,000 | ||
Homes & Land Magazine | $27,000 | 10.5% | $45,500-$114,000 | |
Homes 4Sale by Owner Network | $21,500 | 7% | $41,900-$146,200 | |
HomeSmart | $20,000 | varies | varies | $65,500-$205,000 |
HouseMAXX | $12,500 | $5,000-$50,000 | ||
Howard Hanna Real Estate | $25,000 | $55,000-$248,500 | ||
Integra Realty | $40,000 | $236,000-$308,000 | ||
Joe Homebuyer | $30,000-$90,000 | $51,000-$372,000 | ||
Keller Williams Realty | $35,000 | 6% | 1,000/year | $183,447-$336,495 |
Keller Williams Realty - Market Center | $5,000-$36,947 | $32,100-$336,995 | ||
KeyGlee | $100,000 | $119,500-$156,450 | ||
LakePlace.com Realty | $10,000 | 10% | $16,000-$114,900 | |
LampPost Realty | $9,500-$12,500 | 5% | 1% | $43,500-$78,500 |
Lease Coach, The | $11,800 | $25,000-$35,000 | ||
Lime Licensing Group | N/A | $500-And Up | ||
MARS Real Estate | N/A | $250,000-$550,000 | ||
National Home Buyers Assistance | $30,000 | Varies | $100,000-$200,000 | |
National Restaurant Properties | $35,000 | 6% | 2% | $39,450-$105,700 |
Next Generation Realty | $19,900-$267,700 | 4.5% | 3% | $30,000-$397,800 |
NextHome | $3,750-$8,000 | $180-$190/mo. | $75-85/transaction | $14,750-$213,100 |
Open2View.com | $4,000-$135,000 | $4,000-$322,001 | ||
Pacific Auction Exchange | N/A | 6% | .75% | $25,000 |
Picket Fence Preview | $15,000-$25,000 | 1.5% | $50,000-$90,000 | |
PropertyGuys.com | $30,000-$40,000 | $40,000 | ||
Rapid Realty | N/A | $90,000-$150,000 | ||
RE/MAX | $17,500-$37,500 | varies | varies | $42,000-$284,000 |
Real Estate One | $13,000-$18,000 | $20,000-$80,000 | ||
Real Living | $2,500-$80,000 | 5% | $3,000-$80,000 | |
REALean | $19,900 | 2.5% | $24,710-$40,220 | |
Realty Direct | $19,900 | 6% | 0.25% | $39,600-$67,700 |
Realty Executives | $1,000-$50,000 | Varies | Varies | $23,500-$171,000 |
Realty ONE Group | $25,000 | 2% | $44,250-$222,500 | |
Realty World | N/A | $44,700-$197,000 | ||
Red Carpet Real Estate | $9,500 | 5% | 0.5% | $36,000 |
Remerica Real Estate | $10,000 | $20,000-$100,000 | ||
Rental Doctor.com | $7,500 | 50-200/month | $7,500 | |
Renters Warehouse | $1,000-$10,000 | 4.5% | $14,819-$50,405 | |
Royal LePage | N/A | $100,000 | ||
Sandals Realty | $30,000 | 7% | $92,650-$183,450 | |
Sell4Free Real Estate | $29,000 | 5% | 1% | $36,386-$102,300 |
SellSmart Real Estate | $14,950 | 6% | $23,500-$53,600 | |
Showhomes Home Staging | $49,900 | 10% | 2% | $85,650-$164,500 |
SimplySold Real Estate | $12,500-$25,000 | Varies | $75,300-$187,900 | |
Solid Source Realty | N/A | $100,000-And Up | ||
Sotheby's International Realty | $25,000 | $40,650-$472,800 | ||
Sperry Commercial Global Affiliates | $2,500-$5,000 | $12,300-$176,500 | ||
Staging Diva | N/A | $1,000 | ||
State Wide Real Estate | $5,000 | 5% | $10,000-$50,000 | |
SVN | $22,500-$27,500 | 5% | $23,160-$121,350 | |
Tucker Associates | N/A | 6% | $125,000-$250,000 | |
United Country Real Estate | $10,395-$28,110 | 6% - 12% | $10,935-$50,440 | |
United Real Estate | $35,000 | Varies | $54,500-$285,500 | |
Valbridge Property Advisors | $17,500 | $54,270-$138,784 | ||
We Sell Restaurants | $40,000 | $95,650-$498,750 | ||
Weichert Real Estate | $25,000 | 6% | 2% | $62,500-$324,700 |
Why USA | N/A | Varies | $17,000-$103,400 | |
William Raveis Affiliates | $25,000 | 6% | $70,000-$270,500 | |
World Properties Int'l. | $599-$50,000 | $130/month | $19,000-$65,900 |