ERA Real Estate

ERA Real Estate

Real estate
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2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$27K - $433K
Units as of 2020
2,287

Company Overview

Since its founding in 1971, ERA has helped homebuyers, sellers and renters with all their real estate needs. In addition to listing homes and providing other brokerage services, the company provides such special services as utility transfer, connection and disconnection.

About ERA Real Estate

Industry
Services (Other)
Related Categories
Real Estate
Founded
1971
Parent Company
Realogy Holdings Corp.
Leadership
Sherry Chris, President & CEO

Franchising Overview

Franchising Since
1972 (49 years)
# of employees at HQ
20
# of Units
2,287 (as of 2020)

Franchisor Information

Corporate Address
175 Park Ave.
Madison, NJ 07940

Information for Franchisees

Here’s what you need to know if you’re interested in opening a ERA Real Estate 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
$0 - $25,000
Initial Investment
$27,350 - $432,550
Net Worth Requirement
$150,000
Cash Requirement
$75,000
Veteran Incentives
Franchise fee waived
Royalty Fee
6%
Ad Royalty Fee
0.5-1.5%
Term of Agreement
10 years
Is franchise term renewable?
No

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
ERA Real Estate offers in-house financing to cover the following: 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
11-12 hours
Ongoing Support
Newsletter
Meetings & Conventions
Grand Opening
Online Support
Field Operations
Proprietary Software
Franchisee Intranet Platform
Marketing Support
Ad Templates
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?
No
Can this franchise be run part time?
No
Are exclusive territories available?
No

Franchise 500 Ranking History

Compare where ERA Real Estate landed on this year’s Franchise 500 Ranking versus previous years.

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Disclaimer
The information on this page is not intended as an endorsement or recommendation of any particular franchise by Entrepreneur Media. Our franchise listings and rankings are solely research tools you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing in a franchise. That should include reviewing the franchisor's legal documents, consulting with an attorney and an accountant, and talking to former and current franchisees.
Updated: February 8th, 2021