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Updated RecentlyNext Generation Realty vs Real Estate One Franchise Comparison
Below is an in-depth analysis and side-by-side comparison of Next Generation Realty vs Real Estate One including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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| Investment | $30,000 - $397,800 | $20,000 - $80,000 |
| Franchise Fee | $19,900 - $267,700 | $13,000 - $18,000 |
| Royalty Fee | 4.5% | - |
| Advertising Fee | 3% | - |
| Year Founded | 1994 | - |
| Year Franchised | 1994 | - |
| Term Of Agreement | - | - |
| Term Of Agreement | - | - |
| Renewal 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 | -/- | -/- |
| Start-up Costs | -/- | -/- |
| Equipment | -/- | -/- |
| Inventory | -/- | -/- |
| Receivables | -/- | -/- |
| Payroll | -/- | -/- |
Training & Support |
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| Training | - | - |
| Support | - | - |
| Marketing | - | - |
| Operations | - | - |
Expansion Plans |
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| US Expansion | - | - |
| Canada Expansion | - | - |
| International Expansion | - | - |
Company Overviews
About Next Generation Realty
Next Generation Realty was founded in 1994 by Tom Franklin and Rob Doheny. Our philosophy is based on quality service at an affordable price. We believe that all real estate can be sold, and that by being our partner, it can be sold for one low flat fee. It was this belief that lead us to develop an alternative program that partners us with the seller in the marketing of their home. Our company operates around 3 Basic Principles:
One Low Fee, on any priced home, paid at closing with no upfront fees. Our program presented in writing with guaranteed advertising. You can cancel at any time with no cost, no hassle.
Since our clients show their own home, our agents list and sell more homes!
About Real Estate One
Real Estate One was the first company to have multiple offices, to create homes books, to initiate a computerized MLS, and to host Open Houses. Real Estate One also offers a better search experience for buyers with our highly rated Michigan Real Estate Search app. Real Estate One has been acknowledged on the national real estate circuit as leaders who report and educate the experts on today’s housing market.
Our franchising division has been helping brokers realize their potential through name recognition while allowing them to maintain local control. Real Estate One is the largest company in Michigan and the nation's 10th largest real estate services provider in the United States and the 19th largest real estate broker in the United States. We are dedicated to providing our franchisees with the latest in tools and resources necessary for today's market while sharing the benefit of our research and market knowledge. Real Estate One continues to grow in strength and recognition across the country.Many of the modern marketing tools that are used across the country were started right here at Real Estate One.
"The reason our companies have survived economic downturns and market crashes is due to our constant will to innovate and adopt new strategies and technologies.” - Dan Elsea, founder.