Weichert Real Estate vs Realty Executives Franchise Comparison

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

Start-Up Costs and Fees

 
Weichert Real Estate Franchise
Realty Executives Franchise
Investment $62,500 - $324,700$23,500 - $171,000
Franchise Fee $25,000$1,000 - $50,000
Royalty Fee 6%Varies
Advertising Fee 2%Varies
Year Founded 19691965
Year Franchised 20001973
Term Of Agreement 7 years5 years
Term Of Agreement 7 years5 years
Renewal Fee $1K-


Business Experience Requirements

 
Weichert Real Estate Franchise
Realty Executives Franchise
Experience -
  • Industry experience
  • General business experience
  • Marketing skills

  • Financing Options

     
    Weichert Real Estate Franchise
    Realty Executives Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees No/NoNo/Yes
    Start-up Costs No/NoNo/Yes
    Equipment No/NoNo/No
    Inventory No/NoNo/No
    Receivables No/NoNo/No
    Payroll No/NoNo/No

    Training & Support

     
    Weichert Real Estate Franchise
    Realty Executives Franchise
    Training Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) Classroom Training: 13.25 hours Additional Training: Ongoing training available via webinars, training center, annual conference
    Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet PlatformNewsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Proprietary Software Franchisee Intranet Platform
    Marketing Co-op Advertising National Media Regional Advertising Social media Email marketingAd Templates National Media Regional Advertising Social media Website development Email marketing
    Operations 10% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 5

    Absentee ownership of franchise is allowed. (100% of current franchisees are owner/operators)

    25% of all franchisees own more than one unit

    Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators)


    Expansion Plans

     
    Weichert Real Estate Franchise
    Realty Executives Franchise
    US Expansion YesYes
    Canada Expansion NoNo
    International Expansion NoYes

    Company Overviews

    About Weichert Real Estate

    Weichert, Realtors opened in 1969 with a single office. Jim Weichert opened his first real estate office in Chatham, New Jersey,  He began franchising in 2000, and today the company is based in Morris Plains, New.Jersey. Franchisees help customers buy and sell both residential and commercial real estate, and streamline the delivery of mortgages and home and title insurance.

    "Entrepreneur

    #285 in Franchise 500 for 2020.
    #337 in Franchise 500 for 2021.


    About Realty Executives

    The “spirit” of REALTY EXECUTIVES can best be described as the special spark we all have in common. Do you have “that Spark?” Back in 1965, that spark took the form of an idea that started this very company. Today, it lives on in integrity, leadership and ingenuity in every office around the world. It drives us, inspires us and motivates us to achieve new levels of success. You have that spark. And here at REALTY EXECUTIVES, it can light your way to a very bright future. There’s nothing like the feeling of being in charge of your own destiny. There’s a sense of confidence in knowing that your only limitations are the ones you place on yourself. At REALTY EXECUTIVES, we never want you to lose that feeling. Our company is designed to support your efforts so you have more time to do what you do best - buy and sell real estate. It’s the best of both worlds. You’ll always feel like you’re in charge of your own destiny but you’ll never feel like you're going it alone.