Weichert Real Estate vs Better Homes Realty Franchise Comparison

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

Start-Up Costs and Fees

 
Weichert Real Estate Franchise
Better Homes Realty Franchise
Investment $62,500 - $324,700$61,500
Franchise Fee $25,000$9,950
Royalty Fee 6%Varies
Advertising Fee 2%-
Year Founded 19691964
Year Franchised 20001975
Term Of Agreement 7 years5 years
Term Of Agreement 7 years5 years
Renewal Fee $1K-


Business Experience Requirements

 
Weichert Real Estate Franchise
Better Homes Realty Franchise
Experience --

Financing Options

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

Training & Support

 
Weichert Real Estate Franchise
Better Homes Realty Franchise
Training Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) Available at headquarters, Available at franchisee's location
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet PlatformNewsletter, Meetings, Toll-free phone line, Grand opening, Internet
Marketing Co-op Advertising National Media Regional Advertising Social media Email marketingCo-op advertising, Ad slicks
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)

10% of all franchisees own more than one unit

Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators)


Expansion Plans

 
Weichert Real Estate Franchise
Better Homes Realty Franchise
US Expansion YesYes
Canada Expansion NoNo
International Expansion NoNo

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 Better Homes Realty

In 1964 a group of independent real estate brokerage offices in the Walnut Creek, California, area came together to do business as Better Homes Realty. The company began adding offices throughout Contra Costa County, California, and in 1975 Better Homes Realty obtained a franchise license to expand the concept in California. The company has been franchising nationally since 1981.