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Is ReMax a good franchise?
In surveys conducted by "Entrepreneur" magazine, ReMax has consistently ranked as one of the top franchises in the United States. The cost to secure a ReMax franchise varies according to a number of factors, but the basic franchise licensing does not cover everything necessary to open the doors and start business.
Does ReMax have a franchise fee?
Total Investment: The total investment necessary to begin operation of a “Remax” franchise ranges from $40,000 – $284,400. Initial Fees: Initial franchise fee: $17,500 – $35,000.
Who owns Re Max Holdings?
REMAX Holdings owns 58.3% and RIHI owns 41.7% of RE/MAX LLC.
How much does a Keller Williams franchise cost?
It costs anywhere from $183,947 to $336,995 to open a Keller Williams Realty office franchise, including a $35,000 upfront franchise fee. In addition, Keller Williams franchisees are required to have at least $150,000 in cash or other liquid assets on hand.
How does a real estate franchise work?
A real estate franchise is a business model where an individual or company licenses the use of the franchisor's trademark and offers services to customers at a fixed location or through remote services.
What is a franchise fee in real estate?
Franchises have an upfront franchise fee ranging from $10,000 to $50,000. This is in addition to training, and the office build-out. For example, the median total cost of opening a RE/MAX or Keller Williams franchise today is just over $140,000, and the total cost can be as high as $350,000.
How much is Remax worth?
RE/MAX Holdings has a market cap or net worth of $606.56 million as of October 30, 2022, making it the 2,963rd biggest public company in the US.
What is Adam Contos salary?
What is the salary of Adam Contos? As the Chief Executive Officer and Director of RE/MAX Inc, the total compensation of Adam Contos at RE/MAX Inc is $2,062,210.
How old is Dave Liniger Remax?
How old is David Liniger? David Liniger is 74, he's been the Non-Executive Chairman of the Board and Co-Founder of RE/MAX Inc since 2018.
What is a royalty fee for KW?
6% of monthly gross revenues. A portion of the franchisee's monthly profit (only the amount to which the profit sharing contribution relates), if any. $1,000 per calendar year ($83.33 per month).
How does Keller Williams profit share work?
The exact amount of the profit share pool will vary based on how much profit the brokerage made. Generally, in examples published by Keller Williams, they use a 48-52 percentage split. Roughly 48 percent goes to the profit share pool for the agents and 52 percent goes to the owners.
How much money does Gary Keller make?
Gary Keller net worth: Gary Keller is an American entrepreneur and author who has a net worth of $200 million....Gary Keller Net Worth.Net Worth:$200 MillionPlace of Birth:Pasadena, TexasProfession:Author, Real Estate Expert
Is Remax a China brand?
About us. REMAX is the sub-brand of Hong Kong Refine Industrial(Asia) Limited. Its global marketing center. Shenzhen REMAX Co.,Ltd. is eatablished in 2008 and headquartered in Longhua district with 10,000sqr.
Who is the CEO of Re Max?
Nick Bailey (Jan 11, 2022–)RE/MAX / CEO
Is Remax a publicly traded company?
Still based in Denver and led by CEO Adam Contos, its parent company, RE/MAX Holdings Inc., is publicly traded on the New York Stock Exchange as RMAX.
Where is RE/MAX headquarters?
Denver, CORE/MAX / Headquarters
How long is the RE/MAX franchise training?
Training Overview: Franchisees or their principal owner and the manager, if any, will be provided with a mandatory 4.5 day training program at the franchisor’s headquarters in Colorado. Franchisees or their principal owner and the manager, if any, must attend and complete the training, although achievement of a stated level of performance is not required. Franchisees or their principal owner will also be required to complete a two-day “Momentum Field Training,” through either RE/MAX, LLC or RE/MAX Regional. Prior to renewal, franchisees may be required to complete the RE/MAX 501: Maximizing Your Office Potential course and/or such other training or courses deemed necessary by the franchisor. Maximizing Your Office Potential is a management refresher course developed to help franchisees adapt to the increasingly complex real estate industry. The franchisor conducts an annual convention and may periodically conduct training conferences designed to build the RE/MAX image, assist franchisees in recruiting potential sales associates and provide an international forum for exchanging ideas on managing and operating RE/MAX offices. Attendance is optional for these events.
What is a RE/MAX franchise?
Franchise Description: The franchisor, RE/MAX, LLC, is engaged in the business of developing a network of affiliated real estate brokerage offices throughout the United States, Canada and elsewhere. The franchise offered is for the operation of a RE/MAX real estate sales office, which offers a variety of real estate services to the general public. All prospective franchisees, renewing franchisees, and transferees must meet the then current subjective and objective standards for new franchisees, including those related to relevant experience, education and licensing, background and past record of compliance with laws, financial capacity, skills, integrity and other qualities of character.
What is a franchisee's territory?
Territory Granted: Franchisees are granted the right to operate the office at a specific address-only location that first must be approved. Franchisees will not receive an exclusive territory or any other type of territorial protection. Franchisees may face competition from other franchisees, from outlets that the franchisor may come to control, from franchises in other channels of distribution that the franchisor operates, or from additional channels of distribution or competitive brands that the franchisor may come to own or control.
How long is a franchise agreement?
Term of Agreement and Renewal: The length of the initial franchise term is five years. If franchisees meet the requirements for renewal, the franchise may be renewed for an additional five-year period on the then-current terms.
Does a franchisee get financing for renewal?
Financial Assistance: A franchisee that is renewing an existing franchise may finance a portion of the renewal fee through the franchisor. Other than this assistance, the franchisor does not offer direct or indirect financing, does not guarantee a franchisee’s note, lease or obligation, and does not receive a fee from any financing source.
Can a franchisee compete with other franchisees?
Franchisees may face competition from other franchisees, from outlets that the franchisor may come to control, from franchises in other channels of distribution that the franchisor operates , or from additional channels of distribution or competitive brands that the franchisor may come to own or control.
Is there a minimum performance requirement for a RE/MAX franchise?
There are no minimum performance standards, other than attending the full training program that must be satisfied during training. Franchisees will be expected to meet high standards of real estate service and professionalism reflective of the goodwill and respect enjoyed by the RE/MAX name and organization.
What is a homevestor?
HomeVestors of America® franchisees specialize in purchasing houses that need repairs, rehabbing and selling these houses at a profit or holding these houses as rental properties. HomeVestors® franchise owners have access to many programs, including financing for the purchase and rehab of houses.
What is Venture X?
Venture X is a shared office space franchise, leading the massively growing and innovative Coworking industry. Venture X offers a collaborative and inspiring modern workspace and community.
How much does it cost to open a RE/MAX franchise?
Opening a RE/MAX real estate franchise office costs $40,000 - $230,500 in initial investment, including a franchise fee of $17,500 - $35,000 per location. The RE/MAX royalty percentage varies. Someone thinking of investing in a RE/MAX franchise should have at least $35,000 of cash or other liquid capital available.
How many locations did RE/MAX have?
RE/MAX continued climbing up a steady growth ladder, reaching the 5,000-location mark in 1984, 10,000 in 1986, 25,000 in 1989 and 50,000 locations in 1998.
What is RE/MAX real estate?
RE/MAX, known for its signature hot air balloon fleet, is the largest real estate network by count of open units and active agents.
Is Remax a franchise?
Today RE/MAX is one of the largest international operating real estate agencies, with over 120,000 agents in 100 countries and territories and $11 billion of systemwide sales. RE/MAX is 100% franchised and around half of all offices are outside of the United States.
Where was the first RE/MAX franchise?
RE/MAX Franchise Opportunities - History. Dave and Gail Liniger’s dream became a reality in 1973 when they opened up the first RE/MAX location in Denver, Colorado.
How many agents does RE/MAX have?
Nobody in the world sells more real estate than RE/MAX, which has grown to over 100,000 agents in nearly 100 countries. It’s a diverse network of professionals who work together across borders and cultures in the spirit of sharing success. Whether you purchase an office in an established area like Australia, Europe or South Africa, or introduce the brand to consumers in a new RE/MAX region, you’re joining a dynamic network with unparalleled competitive advantages. And you benefit from elements such as a reputation based on 40 years of hard work, strength in advertising and a core philosophy that everybody wins.
What is a RE/MAX system?
The RE/MAX system appeals to motivated, qualified real estate professionals around the world who want to deliver unforgettable service and results to their clients. No matter what language you speak or what country you call home, the RE/MAX image, brand-name recognition and global presence can open many doors for you.
What is the first step in a RE/MAX journey?
The first step in your RE/MAX journey is deciding to reach out and express your interest. Why not do it today?
What is the average salary of RE/MAX Franchise Owner?
RE/MAX Franchise Owners earn $50,000 annually, or $24 per hour, which is 18% lower than the national average for all Franchise Owners at $60,000 annually and 28% lower than the national salary average for all working Americans. The highest paid Franchise Owners work for Dunkin' Donuts at $124,000 annually and the lowest paid Franchise Owners work for Bonus Building Care at $23,000 annually.
What company pays the highest salary for the Franchise Owner position?
Dunkin' Donuts pays the highest salary for the Franchise Owner position at $124,000 annually.
What is royalty fee for franchise?
This fee is typically a percentage of weekly or monthly gross sales, but may also be a flat weekly, monthly, or annual fee.
What is the franchise fee?
What you need to know: Found in Item 5 of the FDD, this may be a flat fee, or may vary based on territory size, experience, or other factors.The franchise fee is an up-front (one-time) cost that a new franchisee pays to the franchisor. This fee is usually due at the signing of the franchise agreement and covers the right to use the franchisor's trademarks, name, and related business systems.
What is a franchisor's going fee?
Varies. Definition: An going fee paid to the franchisor on a regular basis to support advertising or marketing efforts. What you need to know: This may also be called advertising fee, marketing fee, brand fund fee, and more, but the basic purpose is the same-- to support promotion of the brand systemwide.
How long does a franchise last?
Definition: The length of time your franchise agreement will last. What you need to know: Franchise terms are typically anywhere from 5 to 20 years in length, but are sometimes instead dependent on factors such as the term of your lease.
Do franchisors have in-house financing?
Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.
