| ||||
Updated RecentlyERA Franchise Systems LLC vs HomeGate Real Estate Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of ERA Franchise Systems LLC vs HomeGate Real Estate including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
||
| Investment | $27,350 - $432,550 | $3,500 - $10,000 |
| Franchise Fee | $25,000 | N/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 | 2017 |
| Year Franchised | 1972 | 2017 |
| Term Of Agreement | 10 years | - |
| Term Of Agreement | 10 years | - |
| Renewal Fee | - | - |
Business Experience Requirements |
||
| Experience | - | |
Financing Options |
||
| In-House/3rd Party | In-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 |
||
| Training | - | At Headquarters By Video Online By Phone |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | Meetings Advertising/Marketing Sales Leads Technical Support Online Support Phone Support |
| Marketing | Ad slicks, National media, Regional advertising | - |
| Operations |
International franchisees required to buy multiple units/master licenses
Absentee ownership of franchise is NOT allowed. | Business can be added on to an existing business. |
Expansion Plans |
||
| US Expansion | - | Yes |
| 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 HomeGate Real Estate
Always Honesty, Integrity, and Trust
HomeGate Real Estate® is an innovative, cloud-based brokerage.
Join Our Nationwide Expansion. Open An Office In Your Market Today!
Our unique structure gives our REALTORS® the opportunity to create residual income through retirement.