Realty Executives Intl. Svcs. LLC
Real estate

Realty Executives Intl. Svcs. LLC
Real estate

About
Founded

1965

Franchising Since

1973 (47 Years)

Corporate Address

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

Leadership

David Tedesco, CEO

Financial Requirements
Initial Investment

$23,500 - $131,000

Net-worth Requirement

$20,000 - $200,000

Liquid Cash Requirement

$10,000 - $100,000

Ongoing Fees
Initial Franchise Fee

$1,000 - $10,000

Ongoing Royalty Fee

Varies

Ad Royalty Fee

Varies

Financing Options

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

Support Options
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

Classroom Training:

13.25 hours

Additional Training:

Ongoing training available via webinars, training center, annual conference

Absentee Ownership Allowed
Bio
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.
Cost
Initial Investment: Low - $23,500 High - $131,000
Units
-6.8%-31 UNITS (1 Year) -15.2%-76 UNITS (3 Years)

Units (Locations)

Where Seeking Franchisees:

Franchisor is seeking new franchise units worldwide.

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Disclaimer

The Franchise 500 is not intended to endorse, advertise, or recommend any particular franchise. It is solely a research tool you can use to compare franchise operations. Entrepreneur stresses that you should always conduct your own independent investigation before investing money in a franchise.
Updated: October 14th, 2019