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Below is an in-depth analysis and side-by-side comparison of Red Carpet Real Estate vs Rapid Realty including start-up costs and fees, business experience requirements, training & support and financing options.
Start-Up Costs and Fees |
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Investment | $36,000 | $90,000 - $150,000 |
Franchise Fee | $9,500 | N/A |
Royalty Fee | 5% | - |
Advertising Fee | 0.5% | - |
Year Founded | 1966 | - |
Year Franchised | 1970 | - |
Term Of Agreement | 5 years +7or10 | - |
Term Of Agreement | 5 years +7or10 | - |
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 | Meetings Quarterly | - |
Support | Field Training Franchisee Newsletter Regional or National Meetings | - |
Marketing | - | - |
Operations | Average Number of Employees: 5 Full-time, 0 Part-time Passive Ownership: Allowed, But Discouraged | - |
Expansion Plans |
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US Expansion | Yes | - |
Canada Expansion | - | - |
International Expansion | - | - |
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.
As a RapidRealty franchisee, you’ll be joining a diverse team of energetic entrepreneurs
in a company with a truly one-of-a-kind culture. In an industry where
professionals are often seen as overly slick and hyper-competitive, RapidRealty promotes a fun environment where people are encouraged to work together.
Our unique assembly-line style approach to real estate and our
emphasis on training make it easy for new agents to get started in the
business. Many agents land a deal within their first week on the job.
But more than that, it rewards agents for working together to use their
individual talents to help our clients find - and get approved for - the
perfect home.