Realty Executives International Franchise
Realty Executive International is a real estate brokerage franchise, serving buyers and sellers of residential real estate in the US and globally.
$20,000
$1,000
258
1976
Scottsdale,AZ
Dave Tedesco
About Realty Executives International
Realty Executives International is among the largest real estate franchises today. It has 500 offices throughout the world. It uses proprietary technology and a competitive commission allocation system to give franchisee agents the tools they need. The company has a track record of success that reaches back over 50 years.
Realty Executives specializes in transactions involving residential real estate. It is currently continuing to expand its operations both internationally and throughout the United States. Its systematic approach, honed over many years of experience, combines cutting-edge technology and business practices. The company provides high-quality, personalized services to its clients. It also incentivizes its agents by providing, reliable, competitive rewards for high performance. It prides itself on harnessing innovative thinking to get top results.
Franchise Unit Trends
258
9
-
* in 2024
Franchise Fees
$1,000
6.0%
Sales Commissions
$325
Sales Person or Salesperson Quota
Why Choose Realty Executives International?
Franchisees can expect a high level of training and support. Realty Executives has developed its business approach over 50 years of success and growth. The company prides itself on its technological focus that aims to provide easy-to-use, sophisticated platforms to help agents and brokers, as well as consumers. Realty Executives also offers a competitive commission system that effectively incentivizes initiative and productivity.
As a global franchise, Realty Executive has a variety of locations available both in the United States and internationally. Franchisees get extensive support and training. They also benefit from a strong network and high brand recognition. In addition, the initial investment is relatively low, as the company accepts a wide variety of office and location types. The company also assists with financing for the initial franchise fee and some types of opening expenses.
Starting Costs & Investment Requirements
$23,000 - $171,000
-
$20,000
History
Dale Rector, a real estate professional, founded the company in 1965 in Scottsdale, Arizona, with four agents. He pioneered the concept of the 100% commission, designed to incentivize agent performance. His compensation system instantly distinguished Realty Executives from other real estate agencies. The following year, the company opened an office in Phoenix and had 19 agents working for it.
The following years saw a continuation of the company's initially rapid expansion. By 1970, there were 100 agents. In 1972, Realty Executives was ranked first among Phoenix brokerages. In 1973, the company began its franchising operations as it opened a brokerage in Tucson. The franchise company was named Execu*Systems, Inc. The following year, the Phoenix location exceeded $100 million in sales.
In 1976, Realty Executives expanded outside of the state of Arizona, opening a location in California, then continuing to open locations throughout several states. In 1984, Rich and Robyn Rector purchased the franchise company.
1988 marked a new milestone, as Realty Executives opened its first international franchise in Canada. The 90s continued to be a successful period for the company, as it added over 100 new franchises and expanded to Mexico and South Africa. In 1997, the company partnered with Habitat for Humanity to institute its corporate charitable program which helped build and renovate homes for people in financial need.
The following years continued to see a substantial expansion in the international area, with locations opening in South America, Central America, Mexico, Australia and throughout the Middle East.
Ideal Candidate
Realty Executives prices its initial franchise fee between $1,000 and $50,000. The specific fee depends on each franchisee's prospective geographic area and its population density, property values and other factors that affect the value of the location. For most franchisees, the fee typically is about $10,000.
Franchisees must also commit to following Realty Executives' system, including certain proprietary software platforms. The company also has signage requirements and requires franchisees to maintain a professional office appearance.
Business Services Franchises
Franchises up to $25,000
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