10 Best Real Estate Franchise Opportunities 2024

Real Estate is a growing industry in the USA. It has been estimated at $23 billion and is expected to rise in the coming years. However, choosing one profitable real estate franchise among so many options might give you a headache. So, here we present the 10 best real estate franchise opportunities 2024 that you can choose from.

10 Best Real Estate Franchise Opportunities

There’s no doubt that the industry will continue to rise, but as new players are entering the market, making it complicated and competitive at the same time, you need to choose the best one.

So, let’s start your ultimate guide to choosing the best from the 10 best real estate franchises with proven business models. Keep reading the article to find your ideal match.


10 Best Real Estate Franchise Opportunities

1. HomeVestors Of America

HomeVestors Of America
Founded in1996
Franchising Since1996
Estimated Outlets1,129
Initial Investment$89,000-$456,250
Franchise Fees$39,000-$85,000
Liquid Capital$100,000
Royalty FeesVaries

HomeVestors is America’s number 1 home buyer and leading the industry since 1996. The company has purchased 140,000 houses and counting and has been consistently ranked in the top 100 companies in the Franchise 500.

The independently owned franchisees of HomeVestors buy a home that is in need of repair and help the owners who want their homes to be sold off quickly. The franchisees then work to renovate the property and sell or rent it.

Moreover, HomeVestors has a network of 1,100 franchisees working in 48 continental United States.

2. RE/MAX

10 Best Real Estate Franchise Opportunities- RE/MAX
Founded in1973
Franchising Since1975
Estimated Outlets9,111
Initial Investment$43,000-$289,500
Franchise Fees$17,500-$39,000
Liquid Capital$35,000
Royalty Fees1.0% of revenue

RE/MAX is one of the world’s largest and most successful networks of Real Estate Brokerage. It was started in 1973, and since then, it has been breaking new ground.

The company had a network of 93,000 agents on the day of its IPO, but currently, it has grown into a global force of 140,000 real estate professionals. It has been operating in 110 countries and territories.

One of the advantages of working with RE/MAX franchises is the validation you’ll get from the existing RE/MAX brokers and owners of franchisees.

3. Keller Williams

Keller Williams
Founded in1983
Franchising Since1987
Estimated Outlets1,151
Total Investment$183,230-$336,980
Franchise Fees$35,000
Liquid Capital$150,000
Royalty Fees6%

Keller Williams was founded by Gary Keller and Joe Williams in the year 1983. Since then, the company has grown to become the largest real estate franchise in the United States of America by sales volume and agent count.

It is a home to 177,377 agents working in both the United States and Canada and 17,076 agents working outside these two countries. This totals up to 194,453 agents worldwide.

So, if you want to be part of this giant company, then you’ll need a liquid capital of $150,000 and franchise fees of up to $35,000.

4. Realty One Group

Realty One Group
Founded in2005
Franchising Since2012
Estimated Outlets402
Total Investment$43,250-$224,500
Franchise Fees$15,000-$22,000
Liquid CapitalN/A
Ad Royalty Fees2%

Realty One Group was founded in 2005 in Las Vegas by Kuba Jewgieniew. He was a former stockbroker who expanded the group into Arizona in 2007 and then to California by 2010.

At the time, it had only 2,200 agents working for the group, but currently, Realty One Group has grown to 19,500 real estate professionals. The group has expanded to over 460 offices in the United States and Canada.

Not only this but the group has been ranked the No.1 Real Estate Franchisor on the list of 2022 Entrepreneur Franchise 500 list. So, if you are thinking of working with the group, then you’ll be working with one of the fastest-growing franchisors in the nation.

5. Century 21 Real Estate

Century 21 Real Estate
Founded in1971
Franchising Since1972
Estimated Outlets14,250
Initial Investment$24,700-$459,250
Franchise Fees$25,000
Liquid Capital$75,000
Royalty Fees6%

Century 21 Real Estate LLC is an American real estate franchise that was founded in 1971 and started franchising in 1972. The brand is committed to providing high-quality services to both buyers and sellers.

Since 1971, Century 21 Real Estate has grown to approximately 14,000 independently owned and operated franchised brokers working across 86 countries and territories. Also, it has around 147,000 sales professionals.

It is one of the world’s largest residential real estate brands, providing marketing support, comprehensive training, management, and administrative support to its members.

6. Weichert Real Estate Affiliates

Weichert Real Estate Affiliates
Founded in1969
Franchising Since2000
Estimated Outlets467
Initial Investment$62,500-$326,200
Franchise Fees$25,000
Net Worth Required$150,000
Royalty Fees6%

Weichert Real Estate Affiliates, or Weichert Realtors, is a residential and commercial real estate franchisor founded in 1969. It is a family-owned and operated business of real estate.

The company is headquartered in New Jersey and is one of the largest independent providers of real estate-related services in the country.

To own this franchise, you are required to have a net worth of $150,000 and franchise fees of $25,000.

7. NextHome

NextHome
Founded in2014
Franchising Since2014
Estimated Outlets594
Initial Investment$16,250-$220,345
Franchise Fees$4,500-$8,750
Working Capital $5,000 to $100,000
Royalty Fees$200-$210/month

NextHome is an independently owned company founded in 2014. It is committed to providing franchisees with technology and services to help buyers and sellers with home purchases or sales.

The company has been ranked as the Number 1 Real Estate Franchise by the Franchise Business Review. It is operating in 530+ offices with 4,200+ members nationwide.

Additionally, it is also ranked 95 by Entrepreneur on the Top Franchise 500 list out of 1,100 companies. So, if you are planning to own this franchise, then you’ll require franchise fees ranging between $4500- $8750.

8. Real Property Management

Real Property Management
Founded in1986
Franchising Since2004
Estimated Outlets438
Initial Investment$91,718-$266,218
Franchise Fees$59,900
Liquid Capital $50,000
Royalty Fees7%

Real Property Management is a leading full-service property management and real estate company founded in 1986.

It has served 7000+ happy customers, collected $210 million in rent till now, and sold around 1,000+ homes. Moreover, the company claims to be the first and largest franchise organization in residential property management.

9. ERA Real Estate

ERA Real Estate
Founded in1971
Franchising Since1972
Estimated Outlets2,386
Initial Investment$27,350-$435,050
Franchise Fees$25,000
Liquid Capital $75,000
Royalty Fees6%

ERA Real Estate is a franchisor in the residential real estate industry. It offers services such as buying and selling homes, mortgage services, and home financing.

The company was started in 1971 and now is one of the leading residential franchise brokerage networks.

To own this franchise, you require franchise fees of $25,000, liquid capital of $75,000 and a newt worth $150,000.

10. Coldwell Banker

Coldwell Banker
Founded in1906
Franchising Since1982
Estimated Outlets2,802
Initial Investment$31,175-$491,875
Franchise Fees$25,000
Liquid Capital $75,000
Royalty FeesVaries

Coldwell Banker Real Estate LLC is an American real estate franchise owned by Anywhere Real Estate. The company was started in San Francisco in 1906 and now has become a growing organization operating 2,802 outlets.

The brand is a well-known franchise that offers a wide range of services to its clients. To own this franchise you’ll need a liquid capital of $75,000 and net worth of $150,000.


When Should You Choose A Real Estate Franchise?

To be honest, there’s no right time to start a franchise. However, there are a few questions through which you can ensure that you are ready to start franchising.

1. Do You Know How Real Estate Works?

Before starting any franchise or even a business, it is vital to have an understanding of how the industry works, and a real estate franchise is no exception.

The real estate industry is a highly competitive market, and therefore, you are ready to start a real estate franchise when you have knowledge of how real estate works.

2. How Much Do You Need To Invest In The Real Estate Franchise?

Money is an important factor in terms of business or franchising, and there are many costs associated with starting a franchise.

These costs include initial investment, franchise fees, royalty fees, training, and equipment fees, among many other costs. Therefore, if you have estimated your budget and the source of your finance then you are ready to invest in a franchise.

3. Are You Ready To Abide By The Rules Of Franchisor?

This is a very important thing to ask yourself, as franchising comes with the rules and regulations of the franchisor. So, if you are a person who doesn’t want to be controlled by others, then a real estate franchise is not for you.


Things To Consider Before Investing In A Real Estate Franchise

The Real Estate market offers favorable opportunities for small business owners and entrepreneurs looking to enter the franchise industry.

However, before selecting your ideal franchise, you need to consider a few things. To help you make an informed decision, we’ve outlined a few tips that you need to look out for.

1. Franchise Reputation

The very first thing to consider before selecting your ideal franchise is the franchise’s reputation. There’s no doubt that the real estate industry offers a bright opportunity, but not every franchise will make you successful.

Therefore, look for a franchise that is well-established and has a track record of success.

2. Determine The Level Of Restriction

Restriction is one of the prominent disadvantages of franchising. In most scenarios, the franchisors want the franchisees to follow the strict rules and regulations made by them.

So, before investing in a franchise, check for the level of restriction and control of the franchisor. If the level is what you can handle, then that is the ideal franchise for you.

3. Research The Market

One of the most important things is to research the market. Before choosing a franchise, you need to determine the potential of your real estate business in the area. Look for potential competitors and potential customers for your real estate business.

If you select a reputable franchise, then the chances are that they will assist you in researching the market and choosing the best site. Some franchisors will also assist you with the lease negotiations.

4. The Cost To Start A Franchise

There are many costs associated with starting a franchise and understanding all the costs is crucial.

Franchising is not like starting a business where all your investment directly goes into your business. In franchising, all your investment will go to the franchisor for training, equipment, licensing rights, etc.

Therefore, you need to determine the cost of the franchise through the Franchise Disclosure Document provided by the franchise.


Comparison Of Top 5 Best Real Estate Franchise

Company NameHomeVestors Of AmericaRE/MAXKeller WilliamsRealty One GroupCentury 21 Real Estate
Founded19961973198320051971
Outlets 1,1299,1111,15140214,250
Franchise Fee $39k-$85k$17k-$39k$35,000$15,000-$22,000$25,000
Initial Investment $89k-$456k$43,000-$289,500$183,230-$336,980$43,250-$224,500$24,700-$459,250
Royalty FeeVaries1.0% of revenue6%N/A6%


Conclusion

There is no denying that the Real Estate industry is a highly lucrative market, and there are an infinite number of franchises to choose from.

However, choosing a franchise that is both profitable and suitable for you is a challenge in itself. That is why this article provides you with a list of the 10 Best Real Estate Franchise opportunities 2024. We hope that you’ve found your ideal franchise through this article.


FAQs

What Is The Profit Margin Of A Real Estate Franchise?

A good profit margin of a real estate franchise varies in the range of 20%-50%. However, this varies on the basis of your location.

Which Is The Cheapest Real Estate Franchise?

The cheapest real estate franchise is Realty One Group, which requires an initial investment ranging from $43,250 to $224,500 and no royalty fees.

How Much Does A Real Estate Franchise Cost?

The cost to own a real estate franchise ranges between 16,250 and 491,875.

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