Franchise Summary
Description
The franchised business being offered is REMAX® real estate sales office, which offers a variety of real estate services to the general public.
Company Background
RE/MAX is the world's largest real estate company with over 100,000 agents in more than 90 countries. We are committed to providing our clients with the highest quality service and expertise possible, and we take pride in knowing that no other real estate company has been rated higher for customer satisfaction. RE/MAX offers a wide range of services including residential sales, commercial properties, leasing agents, property management professionals, home inspectors and insurance specialists.
Franchise Opportunity
Buying or selling a home can be a daunting task. The real estate market is constantly changing and it's hard to know who to trust. RE/MAX is the most trusted name in real estate. With over 90 years of experience, we have the knowledge and expertise to help you buy or sell your home with ease. Our agents are knowledgeable in all areas of real estate, so you can be sure that you're getting the best advice possible. Contact us today for a free consultation!
Corporate Structure
The franchisor is RE/MAX, LLC, a Delaware limited liability company, that has operated as the Master Franchisor/Franchisor since 1974. It is a wholly owned subsidiary of RMCO, LLC.
Royalties and Marketing Fees
Royalties : $149 per month during 2019 for each Sales Associate in your Office. For subsequent years the amounts projected are: 2020 - $152 2021 - $155 2022 - $158 2023 - $161
Earnings Transparency
This Franchise discloses much less information about the financial performance of their franchisees compared to other franchises in the same industry
Why do some franchises disclose more than others?
There are many reasons why a brand may choose to not include item 19 on their FDD: they could be a newer franchise, they may be in a unique industry that is not super profitable or well-known yet
Franchise Types Available
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Employee Contact Database
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Distribution of RE/MAX Franchisees
RE/MAX Franchise System Development in 2024
FAQ
How much investment do I need to start my own RE/MAX business?
Franchisees typically require at least $45,000 to $245,500 investment to get their RE/MAX business started
What are the initial franchise fees for RE/MAX?
Franchisees typically need to pay at least $17,500 in fees directly to RE/MAX in order to earn the right to launch their business
How much money can I make with a RE/MAX franchise? What are
the average revenues for a typical RE/MAX business?
We haven’t done the math on how much revenue a typical
RE/MAX brings in each year. We estimate that other
franchisees in the Professional Services industry generate
$932,459 revenue, so we would expect
RE/MAX to generate a similar amount
How long do I need to commit to running a RE/MAX unit? What
is my contractual commitment?
RE/MAX franchisees are typically required to sign up to a
5 year contract initially. The renewal length
is 5 years. You can of course exit early but
don’t expect to get any refund!
Accessibility
The Franchisor's investment costs ranges from
$45,000 to $245,500
which is
Much Higher
than the $0 to $0 average in the Real Estate industry
What determines the investment cost?
Item 7 of the Franchise Disclosure Document lays out the full list of initial investment costs, including the fee payable to the franchisor, security deposits, equipment, professional fees etc
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