Rapid Realty vs Corcoran Franchise Comparison

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

Start-Up Costs and Fees
 
Rapid Realty Franchise
Corcoran Franchise
Investment $90,000 - $150,000$52,850 - $520,500
Franchise Fee N/A$35,000
Royalty Fee -6%
Advertising Fee -0.5%-1%
Year Founded -2015
Year Franchised -2019
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Rapid Realty Franchise
Corcoran Franchise
Experience --

Financing Options
 
Rapid Realty Franchise
Corcoran Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Rapid Realty Franchise
Corcoran Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Rapid Realty Franchise
Corcoran Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Rapid Realty

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.

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.