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Updated RecentlyCommission Express vs William Raveis Affiliates Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Commission Express vs William Raveis Affiliates including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $112,800 - $301,500 | $70,000 - $270,500 |
| Franchise Fee | $15,000 - $60,000 | $25,000 |
| Royalty Fee | Varies | 6% |
| Advertising Fee | - | - |
| Year Founded | 1992 | 1974 |
| Year Franchised | 1996 | 2007 |
| Term Of Agreement | 10 years | 7 years |
| Term Of Agreement | 10 years | 7 years |
| Renewal Fee | - | 10% of then current fran. fee |
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 | - | - |
| Support | Newsletter, Meetings, Toll-free phone line, Internet, Field operations/evaluations | - |
| Marketing | Co-op advertising, Ad slicks, National media, Regional advertising | - |
| Operations |
15% of all franchisees own more than one unit Number of employees needed to run franchised unit: 1 Absentee ownership of franchise is NOT allowed. (100% of current franchisees are owner/operators) | - |
Expansion Plans |
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| US Expansion | - | Yes |
| Canada Expansion | No | - |
| International Expansion | Yes | - |
Company Overviews
About Commission Express
John L Stedman and Joseph M. Giovannelli founded Commission Express, based in Fairfax, Virginia, in 1992. With most real estate transactions, an agent waits between 30 and 90 days to receive his or her commission. In the meantime, the agent still has to cover the costs of running an office and paying employees.
Commission Express franchisees essentially offer agents cash advances by purchasing an agent's outstanding commissions at a discount. When the home purchase is completed and the commission is received, Commission Express withholds between 8 and 14 percent in fees. Franchisees provide their own capital to purchase the commissions.
The total investment necessary to begin operation of a Commission Express franchised business with a protected development territory ranges from $172,300 to $301,500. This includes $10,000 (for a small
territory), $25,000 (for a medium territory) or $50,000 (for a large
territory) that must be paid to the franchisor.
The total investment necessary to begin operation of a Commission Express franchised business with an open market development territory ranges from $112,800 to $192,500. This includes $25,000 that must be paid to the franchisor.
The total investment necessary to begin operation of a Commission Express franchised business with an open market development territory ranges from $112,800 to $192,500. This includes $25,000 that must be paid to the franchisor.
About William Raveis Affiliates
William Raveis is the largest family owned real estate company in the Northeast. It
wasn't good fortune that brought us to this position. It is our conviction that our
agents are our customers - It is our commitment to develop and reinvest in
state-of-the-art technology programs, innovative marketing, and training initiatives
that allow our sales associates not only to achieve, but to excel - It is the result
of the hard work of our sales associates, management and staff who work as a team toward
the same goal.
William Raveis offers franchise opportunities to start-up and existing real estate
organizations in select markets throughout New England.