As the president of the most innovative real estate franchise in the U.S, I get a lot of questions about franchising. The most common of those questions is "What is the cost". Brokers want to know what the cost is first, without hearing any of the benefits. My response is usually the same, "Why ask for the check if we havent even had dinner yet?". By that I mean that its difficult for broker to see the value in a company that is truly different when I just state a price. Even if the price was $100, it would seem too expensive if you havent heard what you will get for that $100.
The best real estate franchise is one that combines real estate in a box. In other words, the best support, the best technology and the best real estate business model moving forward. Believe me, I understand there are many real estate franchises available and it is up to you, the broker, to do your research. Your job is to pick the best real estate franchise for sale, and it is my job as the franchisor to give you more than just a price. My job is to help you understand what you are getting in return. Buying a franchise isn't like buying a pair or pants. You don't spend 10 minutes looking at it, then go up to the register. This is a life changing event and you should thoroughly research each company before making a decision.
I would suggest starting with Area Pro Realty, they have the best business model for todays real estate economy.
As the owner of the most innovative real estate franchise in the country I am glad to see that agents now have plenty of choices when deciding what company to join. In the "old days" there were only a few companies per city, they were all basically the same and all had basically the same benefits and commission structure.
Nowadays, there are many real estate franchises available and many have different business plans and models, some are exact replicas of one another just with a different name and logo.
The best real estate franchise can only be determined by you. Dont look at fads, dont look at what your friends did and dont listen to anyone else but you. You need to research the one that fits you like a glove. There might be more than one real estate franchise for sale that fits you well, but with proper research you can narrow it down to one.
As a tip, always contact one of the existing franchisees and get their perspective on how the like to work with headquarters. Are they frustrated or upset? Or are they happy and feel that HQ is giving them value?
Do you ever feel like your brokerage will implode if you aren't there to watch over it? When you take a day off, perhaps a rare vacation. Are you constantly interrupted with phone calls from agents? Have you considered expanding your businesses but were wary to proceed because you lacked knowledge of franchising and were unsure of the benefits?
Now may be the time you will want to consider one of the many real estate franchises available. I guarantee you, there is an innovative real estate franchise that suits you perfectly. Some of the best real estate franchises in the world are headquartered right here in America. Think about it, more than likely, as an independent broker, you have 3 or less employees running your entire company. With a real estate franchise, you are teaming with an organization with possibly millions of dollars in support and technology ready to assist you and help your brokerage grow.
It might be that time to do yourself a favor and research some of the real estate franchises for sale. I suggest starting with Area Pro Realty, a new franchisor with a completely different business model.
Good luck in your search.
There are so many Real Estate franchises available it could make your head spin. Nowadays, many brokers who have more than 50 agents think their business is franchisable. Unfortunately, after they spend hundreds of thousands of dollars, they find that their company isnt that different or innovative. So, how do you, a broker who is looking to join a franchised team, find the most innovative real estate franchise? Your heading down the wrong path if your looking for the best real estate franchise for everyone, because their isnt one. There is a franchise for you, that is better than all others, but not one that is better for everone. Consider the following criteria:
Technology, support, innovation, organization, recruiting, retention, equipment, policies. All of these factors come into play and should play a role in your decision to choose the best real estate franchise for sale.
Remember, thoroughly research your decision. To complete my book (How to Evaluate A Real Estate Franchise), I researched tons of real estate franchises and found that Area Pro Realty has a great business model for todays economy, you can check them out at AreaProRealty.com.
As owner of the most innovative real estate franchise in the US, I get a lot of questions every week from independent brokers. Many of the brokers I talk to thoroughly research the real estate franchises available because they understand what a big decision choosing the right company is. In search of the best real estate franchise, many of these brokers ask me What is an FDD? An FDD, or Franchise Disclosure Document, is a list of disclosures that a real estate franchisor is required to disclose to potential franchisees regarding the franchise offering. This includes start up costs and a summary of important terms contained in the franchise agreement. The FDD was formerly called the UFOC.
To all you real estate brokes looking for a great real estate franchise for sale, I would first look at Area Pro Realty and compare Area Pro Realtys FDD to others in the industry, you will be pleasantly surprised at the lack of nickle and dime fees.
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