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Updated RecentlyWeichert Real Estate vs Tucker Associates Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Weichert Real Estate vs Tucker Associates including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $62,500 - $324,700 | $125,000 - $250,000 |
| Franchise Fee | $25,000 | N/A |
| Royalty Fee | 6% | 6% |
| Advertising Fee | 2% | - |
| Year Founded | 1969 | 1918 |
| Year Franchised | 2000 | 1989 |
| Term Of Agreement | 7 years | 6 Years+5 |
| Term Of Agreement | 7 years | 6 Years+5 |
| Renewal Fee | $1K | - |
Business Experience Requirements |
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| Experience | - | - |
Financing Options |
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| In-House/3rd Party | In-House/3rd Party | |
| Franchise Fees | No/No | -/- |
| Start-up Costs | No/No | -/- |
| Equipment | No/No | -/- |
| Inventory | No/No | -/- |
| Receivables | No/No | -/- |
| Payroll | No/No | -/- |
Training & Support |
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| Training | Classroom Training: 28.25 hours Additional Training: Annual conference; quarterly workshops (local) | Indianapolis, IN 2 Weeks |
| Support | Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Field Operations Proprietary Software Franchisee Intranet Platform | Central Purchasing Field Operation Evaluation Field Training Initial Store Opening Franchisee Newsletter Regional or National Meetings: At Additional Cost 800 Telephone Hotline |
| Marketing | Co-op Advertising National Media Regional Advertising Social media 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)
| Average Number of Employees: 1-2 Full-time, 3 Part-time Passive Ownership: Allowed, But Discouraged |
Expansion Plans |
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| US Expansion | Yes | Yes |
| Canada Expansion | No | - |
| International Expansion | No | - |
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.
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#285 in Franchise 500 for 2020.
#337 in Franchise 500 for 2021.
About Tucker Associates
Real estate franchisor for the State of Indiana, offering marketing, recruiting, training and relocation leads for franchisees. Number one company in Indiana and named # 10 brand name of independently owned companies.
With over 1,500 agents statewide and over $3.2 billion in sales, Tucker Associates is the largest independent real estate firm in
Indiana and is ranked among the largest independent real estate firms in
the nation.