Better Homes Realty vs GMAC Real Estate Services Franchise Comparison

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

Start-Up Costs and Fees

 
Better Homes Realty Franchise
GMAC Real Estate Services Franchise
Investment $61,500N/A
Franchise Fee $9,950N/A
Royalty Fee Varies-
Advertising Fee --
Year Founded 1964-
Year Franchised 1975-
Term Of Agreement 5 years-
Term Of Agreement 5 years-
Renewal Fee --


Business Experience Requirements

 
Better Homes Realty Franchise
GMAC Real Estate Services Franchise
Experience --

Financing Options

 
Better Homes Realty Franchise
GMAC Real Estate Services Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees Yes/No-/-
Start-up Costs No/No-/-
Equipment No/No-/-
Inventory No/No-/-
Receivables No/No-/-
Payroll No/No-/-

Training & Support

 
Better Homes Realty Franchise
GMAC Real Estate Services Franchise
Training Available at headquarters, Available at franchisee's location-
Support Newsletter, Meetings, Toll-free phone line, Grand opening, Internet-
Marketing Co-op advertising, Ad slicks-
Operations 10% of all franchisees own more than one unit

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

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Expansion Plans

 
Better Homes Realty Franchise
GMAC Real Estate Services Franchise
US Expansion Yes-
Canada Expansion No-
International Expansion No-

Company Overviews

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.

About GMAC Real Estate Services