What is an RE/MAX franchise?
RE/MAX, LLC is formerly known as RE/MAX International, Inc. 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.
Where is the headquarters of ReMax located?
Franchising Since: 1975. Headquarters: Denver, Colorado. Estimated Number of Units: 7,930. 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.
Who is the founder of ReMax?
Founded by Dave and Gail Liniger in Denver in 1973, RE/MAX is now a global network of more than 140,000 real estate agents in more than 110 countries and territories. The Linigers introduced an agent-centric model with high commission splits.
Why work with RE/MAX?
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.
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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.
How much does a re MAX franchise owner make?
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.
Who is the largest real estate franchise?
Keller Williams Realty Keller Williams real estate1. Keller Williams Realty. Keller Williams real estate was founded in 1983 by Gary Keller and Joe Williams.
Is Keller Williams a franchise?
About Keller Williams Realty, Inc. Founded in 1983, Keller Williams Realty Inc. is the second-largest real estate franchise operation in the United States, with 701 offices and almost 80,000 associates in the United States and Canada.
What is ReMax Commission split?
RE/MAX lets agents choose between a 95/5 commission split, plus a monthly desk fee, and an 80/20, 70/30, or 60/40 split with no monthly desk fee. However, there might be differences among different RE/MAX offices.
Which franchise makes the most money?
What is the most profitable franchise to own? According to the Franchise 500 list of 2021, Taco Bell is the most profitable franchise to own. The food chain has been franchising for nearly 6 decades and is still seeking franchises worldwide. As of 2021, they have 7,567 open units.
Who is the fastest growing real estate company?
Take a look at the top 25 fastest-growing independent real estate companies in the U.S. in 2022 below.theLender. Credit: theLender / Facebook. ... IDEAL AGENT. Growth rate: 5,514 percent. ... HqO. Growth rate: 5,291 percent. ... Spartan Investment Group. ... Ribbon. ... Point Digital Finance. ... Disrupt Equity. ... The Surefire Group.More items...•
Who is the highest paid real estate agent?
Caballero broke his record, which he set in 2018 selling 3,496 new homes in the Dallas-Ft. Worth area, worth $1.384 billion. Ben Caballero, a current Guinness World Record title holder and No. 1-ranked real estate agent in the U.S., set a new record for home sales in Dallas-Ft.
What is the richest real estate company?
Rankings by Total AssetsRankProfileType1.China Evergrande GroupReal Estate Company2.Sunac ChinaReal Estate Company3.Tishman SpeyerReal Estate Company4.Hines GroupReal Estate Company75 more rows
What is Keller Williams franchise fee?
a $35,000It 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 much does a Keller Williams franchise owner make?
Average Keller Williams Elite Business Owner yearly pay in the United States is approximately $94,156, which is 47% above the national average.
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 does franchise owner make?
According to a survey done by Franchise Business Review involving 28,500 franchise owners, the average pre-tax annual income of franchise owners is about 80,000 dollars.
Who owns Re Max Holdings?
- RE/MAX was founded in 1973, in Denver, Colo., by Dave and Gail Liniger, who still lead the network today. - RE/MAX has held number one market share in the U.S. and Canada since at least 1999, as measured by total residential transaction sides completed by its agents.
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.
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 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.
