Realty Executives Intl. Svcs. LLC

At a Glance

Products & Services: Real estate

Number of Locations: 516

Total Investment: $20.4K - $119K

Founded: 1965

Began Franchising: 1973

About Realty Executives Intl. Svcs. LLC

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.

Franchise Units

Year U.S. Canadian International Company Owned
2015 396 88 32 0
2014 395 81 30 1
2013 389 83 30 1
2012 400 80 41 1
2011 439 80 50 1
Where Seeking Franchisees: Franchisor is seeking new franchise units worldwide.

Startup Costs, Ongoing Fees and Financing

Total Investment: $20,400 - $119,000
Franchise Fee: $1,000 - $50,000
Ongoing Royalty Fee: Varies
Term of Franchise Agreement: 10 years, renewable
Financial Requirements
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).

How This Franchise Supports Franchisees

Training: Available at headquarters: 5 days. Ongoing training available at semi-annual meetings
Ongoing Support: Newsletter, Meetings, Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
Marketing Support: Co-op advertising, Ad slicks, National media, Regional advertising,

Franchise Ranking History

Franchise 500®: #177 (2014), #276 (2013),
Low-Cost: #31 (2014), #43 (2013),
America's Top Global: #193 (2014),

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