Becoming a Real Estate Broker can take a great deal of time and money, and may not succeed in some cases, the first question to ask yourself is whether you wish to become an independent brokerage, or a franchised (or chain) brokerage. While going independent may seem attractive, there are a lot more positives in investing in a franchised brand. There are many steps to take in becoming a broker, such as taking the courses, registering with your state and paying all associated fees.
By buying a franchise to become a Real Estate Broker, you will have a known name, bringing with it client trust and recognition.
They also bring benefits such as a large referral network, more formal training to allow for better structuring of the brokerage, as well as national marketing network adding to the brand recognition, meaning more potential clients.
We compared almost 60 real estate brands to find which ones were the best of the best within the Real Estate sector.
1. Berkshire Hathaway Homeservices
2. Homesmart International
3. All County
4. United Real Estate
5. Valbridge Property Advisors
7. Creative Property Services
8. Realty One Group Affiliates
9. Better Homes Realty
If you are interested in becoming a Real Estate Broker, these brands showed attractive attributes such as low turnover rates, low litigation and high overall grades, these brands have also experienced the best resurgence since the recession of 2008 and, if continue to show these trends paired with continued revival within the real estate industry as a whole, could potentially lead to being the top real estate sector brands to succeed with.
Homesmart International not only made the Real Estate Sector honor roll, but also made it onto the FranchiseGrade top 500, a list of the top 500 systems within the entire franchise industry. Their total estimated initial investment is between $56,550 and $99,900, with an initial franchise fee of $40,000. Homesmart International is a VetFran participant, offering a 10% discount to any veterans who are interested in their brand.
How much does it cost to open a Homesmart International?
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Check out the detailed report on The New Real Estate Boom for more information.
When it comes to franchising, Murphy’s Law comes into play more often than desired. In many cases, a new franchise takes off slower than anticipated.
The emphasis on franchise system growth is as old as franchising, having been accepted as the indicator of a quality franchise.
After owning 4 successful businesses, in different business sectors, there are two common attributes my good hires have shared; Curiosity and Tenacity.
In the franchise industry, franchisors can view comparisons and relationships between consumer satisfaction for the products or services a franchise offers.
These traits lead to low franchisee turnover, an attractive investment opportunity, outlet growth and brand recognition and consumer satisfaction.
Owning a business is hard. Each venture has its differences – different customers, different go-to-market strategies, different business partners.