ERA Franchise Systems LLC vs Rapid Realty Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs Rapid Realty including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
ERA Franchise Systems LLC Franchise
Rapid Realty Franchise
Investment $27,350 - $432,550$90,000 - $150,000
Franchise Fee $25,000N/A
Royalty Fee 6% of gross revenue-
Advertising Fee 2% ($362.00 minimum/$1,259 maximum for Main Office and $362.00 minimum/$895.00 maximum for Branch)-
Year Founded 1971-
Year Franchised 1972-
Term Of Agreement 10 years-
Term Of Agreement 10 years-
Renewal Fee --


Business Experience Requirements
 
ERA Franchise Systems LLC Franchise
Rapid Realty Franchise
Experience
  • Industry experience
  • General business experience
    		• -

    Financing Options
     
    ERA Franchise Systems LLC Franchise
    Rapid Realty Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/No-/-
    Start-up Costs Yes/No-/-
    Equipment No/No-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    ERA Franchise Systems LLC Franchise
    Rapid Realty Franchise
    Training --
    Support Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations-
    Marketing Ad slicks, National media, Regional advertising-
    Operations International franchisees required to buy multiple units/master licenses

    Absentee ownership of franchise is NOT allowed.

    		-

    Expansion Plans
     
    ERA Franchise Systems LLC Franchise
    Rapid Realty Franchise
    US Expansion --
    Canada Expansion No-
    International Expansion No-

    Company Overviews

    About ERA Franchise Systems LLC

    Since its founding in 1971, ERA has helped homebuyers, sellers and renters with all their real estate needs. In addition to listing homes and providing other brokerage services, the company provides such special services as utility transfer, connection and disconnection.

    About Rapid Realty

    As a RapidRealty franchisee, you’ll be joining a diverse team of energetic entrepreneurs in a company with a truly one-of-a-kind culture. In an industry where professionals are often seen as overly slick and hyper-competitive, RapidRealty promotes a fun environment where people are encouraged to work together. Our unique assembly-line style approach to real estate and our emphasis on training make it easy for new agents to get started in the business. Many agents land a deal within their first week on the job. But more than that, it rewards agents for working together to use their individual talents to help our clients find - and get approved for - the perfect home.