Red Carpet Real Estate vs Corcoran Franchise Comparison

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

Start-Up Costs and Fees
 
Red Carpet Real Estate Franchise
Corcoran Franchise
Investment $36,000$52,850 - $520,500
Franchise Fee $9,500$35,000
Royalty Fee 5%6%
Advertising Fee 0.5%0.5%-1%
Year Founded 19662015
Year Franchised 19702019
Term Of Agreement 5 years +7or10-
Term Of Agreement 5 years +7or10-
Renewal Fee --


Business Experience Requirements
 
Red Carpet Real Estate Franchise
Corcoran Franchise
Experience --

Financing Options
 
Red Carpet Real Estate Franchise
Corcoran Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Red Carpet Real Estate Franchise
Corcoran Franchise
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
 
Red Carpet Real Estate Franchise
Corcoran Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

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.

About Corcoran

"Corcoran

Since 1973, the agents of Corcoran have been earning and keeping our clients’ trust with an unwavering commitment to integrity and service. In every market we serve,  Corcoran is a family of world-class professionals, combining real estate expertise with unrivaled market knowledge and neighborhood fluency.

The total investment necessary to begin operation of a Corcoran® franchise is approximately $52,850 to $333,200 for a conversion real estate office, and $134,350 to $520,500 for a start-up real estate office. This includes $5,000 to $35,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential conversion or start-up franchise is $35,000 for the Main Office and $10,000 for each additional Branch Office.