Rank no. 276 – Realty Executives Int’l. Inc. – US
Products & Services: Real estate
Number of Locations: 503
Total Investment: $20.39K – 119K
Began Franchising: 1973
About Realty Executives Int’l. Inc.
In 1965, Dale Rector, frustrated by the split-commission system traditionally used the real estate industry, opened a 100-percent commission office in Phoenix, Arizona, naming it Realty Executives. Under his model, sales associates received 100 percent of their commissions and shared equally in office expenses, including the salary of a full-time broker who coordinated the office. This way of doing business caught on, and in 1973, Realty Executives began franchising the concept.
Startup Costs, Ongoing Fees and Financing
Franchise Fee: $1,000 – $50,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 5 years, renewable
Liquid Cash Available: $20,000
25% of all franchisees own more than one unit. Absentee ownership of franchise is allowed. (95% of current franchisees are owner/operators).