Realty Executives Intl. Svcs. LLC

Realty Executives Intl. Svcs. LLC

Real estate
Find out what franchise is right for you
2021 Franchise 500 Rank
N/R Not ranked last year
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Initial investment
$24K - $131K
Units as of 2019
423 -15.2% 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

Franchising Overview

Franchising Since
1973 (48 years)
# of employees at HQ
15
Where seeking

This company is seeking new franchisees throughout the US.

This company is seeking new franchisees worldwide.

# of Units
423 (as of 2019)

Franchisor Information

Corporate Address
668 N. 44th St., #123
Phoenix, AZ 85008

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

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: 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
Additional Training
Ongoing training available via webinars, training center, annual conference
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?
No
Can this franchise be run from home/mobile unit?
Yes
Can this franchise be run part time?
No
Are exclusive territories available?
Yes

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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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