Realty Executives Intl. Svcs. LLC

Real estate
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Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$24K - $131K
Units as of 2019
423 Decrease 15% over 3 years

Company Overview

In 1965, Dale Rector, frustrated by the split-commission system traditionally used in 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.

About Realty Executives Intl. Svcs. LLC

Industry Services (Other)
Related Categories Real Estate
Founded 1965
Leadership David Tedesco, CEO
Corporate Address 668 N. 44th St., #123
Phoenix, AZ 85008
Social Facebook, Twitter, Instagram

Business Overview

Franchising Since 1973 (51 years)
# of employees at HQ 15
# of Units 423 (as of 2019)

Information for Franchisees

Here's what you need to know if you're interested in opening a Realty Executives Intl. Svcs. LLC franchise.

Financial Requirements & Ongoing Fees

Here's what you can expect to spend to start the business and what ongoing fees the franchisor charges throughout the life of the business.

Initial Franchise Fee Information Circle
$1,000 - $10,000
Initial Investment Information Circle
$23,500 - $131,000
Net Worth Requirement Information Circle
$20,000 - $200,000
Cash Requirement Information Circle
$10,000 - $100,000
Royalty Fee Information Circle
Varies
Ad Royalty Fee Information Circle
Varies
Term of Agreement Information Circle
10 years
Is franchise term renewable? Yes
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Financing Options

Some franchisors offer in-house financing, while others have relationships with third-party financing sources to which they refer qualified franchisees.

In-House Financing Realty Executives Intl. Svcs. LLC offers in-house financing to cover the following: franchise fee, startup costs

Training & Support Offered

Franchisors offer initial training programs and a variety of ongoing support options to help franchisees run their businesses.

Classroom Training 13.25 hours
Ongoing Support
Purchasing Co-ops
Newsletter
Meetings & Conventions
Toll-Free Line
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
National Media
Regional Advertising
Social Media
SEO
Website Development
Email Marketing

Operations

Additional details about running this franchise.

Is absentee ownership allowed? Yes
Can this franchise be run from home/mobile unit? Information Circle
Yes
Can this franchise be run part time? Information Circle
No
Are exclusive territories available? Information Circle
Yes
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Franchise 500 Ranking History

Compare where Realty Executives Intl. Svcs. LLC landed on this year's Franchise 500 Ranking versus previous years.

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The information on this page is not intended as an endorsement or recommendation of any particular franchise or business opportunity by Entrepreneur Media. Our listings and rankings are solely research tools you can use to compare opportunities. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise or business opportunity. That should include reviewing the company's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees/licensees/dealers.
Updated: December 12th, 2022