Coldwell Banker vs Red Carpet Real Estate Franchise Comparison

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

Start-Up Costs and Fees
 
Coldwell Banker Franchise
Red Carpet Real Estate Franchise
Investment $23,500 - $70,100$36,000
Franchise Fee $13,000 - $25,000$9,500
Royalty Fee 6%5%
Advertising Fee 2%0.5%
Year Founded 19061966
Year Franchised 19821970
Term Of Agreement 10 years5 years +7or10
Term Of Agreement 10 years5 years +7or10
Renewal Fee Varies-


Business Experience Requirements
 
Coldwell Banker Franchise
Red Carpet Real Estate Franchise
Experience
  • Industry experience
    		• -

    Financing Options
     
    Coldwell Banker Franchise
    Red Carpet Real Estate Franchise
      In-House/3rd PartyIn-House/3rd Party
    Franchise Fees Yes/Yes-/-
    Start-up Costs No/No-/-
    Equipment No/Yes-/-
    Inventory No/No-/-
    Receivables No/No-/-
    Payroll No/No-/-

    Training & Support
     
    Coldwell Banker Franchise
    Red Carpet Real Estate Franchise
    Training Ongoing training at other locations & via the InternetMeetings Quarterly
    Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Field operations/evaluationsField Training

    Franchisee Newsletter

    Regional or National Meetings
    Marketing Ad slicks, National media, Regional advertising-
    Operations 27% of all franchisees own more than one unit

    Absentee ownership of franchise is NOT allowed.

    		Average Number of Employees: 5 Full-time, 0 Part-time

    Passive Ownership: Allowed, But Discouraged

    Expansion Plans
     
    Coldwell Banker Franchise
    Red Carpet Real Estate Franchise
    US Expansion -Yes
    Canada Expansion No-
    International Expansion Yes-

    Company Overviews

    About Coldwell Banker

    In the wake of the 1906 San Francisco earthquake, Colbert Coldwell saw how many real estate agents took advantage of victims and decided there was a need for knowledgeable, reliable agents. That same year, he founded his company and in 1914 was joined by Benjamin Arthur Banker, who became a full partner.
    Today, Coldwell Banker agents handle residential, luxury, resort and commercial real estate sales.

    "Womens

    #278 in Franchise 500 for 2021.   Not in Franchise 500 for 2021.


    About Red Carpet Real Estate

    Owning a Red Carpet Real Estate franchise gives you the unique opportunity to build a real estate company with unrivaled name recognition, corporate support, and market-changing technology while maintaining that crucial entrepreneurial mindset. Red Carpet Real Estate is an organization with freedom and flexibility to offer our Broker/Owners the best opportunity to successfully recruit Sales Associates and dominate their respective real estate markets.Red Carpet Real Estate serves our members. We are committed to the professional development of all of our members. Our state of the art collateral marketing tools and technology equip our members to serve the consumer. Our powerful brand name positions us in the customers' minds, as a leader in the real estate industry. From recruiting support, agent retention, sales rallies, sales and marketing training, broker support to the latest in technology, today's real estate agents are attracted to the Red Carpet name. Our unique lead generating programs allow our offices to offer in house buyer and seller leads. Agents at Red Carpet are provided with the most up-to-date marketing focused sales training programs. We pride ourselves in the latest state-of-the-art sales tools. Due to our rapidly changing industry, it is more important than ever before to be associated with a corporation that will successfully lead you into the future. Red Carpet Real Estate has been a leader in real estate for more than 40 Years.