How much does it cost to open a franchise?

Becoming a franchise owner comes with a lot of benefits that can help a smaller, independent brokerage, such as marketing and operational support and brand recognition. However, there are also a number of fees and costs that go along with joining a franchise. If you’re interested in opening a franchise, see what some of the major brokerages can offer you. And check out our cover story on page 12 to read how some Chicagoland agents have successfully made this important career move.

Company NameBuy In CostFeesBenefitsDate Established# of Franchises Nationally# of Franchises in Chicago
Better Homes and Gardens Real Estate$35,0006% royaltyBusiness consulting, marketing, tools and training2008911
Century 21$25,000 (first office) $10,000 (branch office)6% royaltyOperational Support, international branding, recruiting, business resources, technology, on-going support19712,30068
Coldwell Banker Real Estate LLC$25,0006% royaltyOperational support, international branding, recruiting, business resources, technology, on-going support19062,200155
Crye-Leike$13,500 to $25,0006% royalty, 20% renewalSales training, relocation services, marketing, sales leads, recruiting systems1998115 (28 franchise offices, 87 corporate offices)0
Engel & Volkers$35,0006% royalty, $17,000 renewalGlobal sales opportunities, virtual reality support across all of our licensees, EDGE – a new domestic and international syndication platform2006 in the U.S.1150
Equity USA$1,600$499/transactionPayroll services, broker training, transaction tools, websites, E&O insurance, profit sharing, operational reimbursement2002601
ERA Franchise LLC$25,0006% royaltyOperational support, international branding, recruiting, business resources, technology, on-going support19715202
Exit Realty$7,500 (rural) to $32,000 (urban)10% of the current franchise fee upon renewalTechnology, tools and training and a unique formula that provides the opportunity for all EXIT associates to earn residual income.19995107
John L Scott Realty$15,0005% royalty, $2,500 renewalTechnology, presentations, coaching, luxury market clients, marketing1990760
Keller Williams$35,0006% royaltyCoaching, profit-sharing, international brand recognition19877432
List4Less / Sell4Free$29,0005% royalty, $1,000 renewal95% commission retention200290
NextHome Inc$2,750 to $6,750$185/month/agent or 6%A fully automated and integrated system, state of the art proprietary technology platform with single sign on access, branding, marketing, advertising, recruiting, support, training and more.2015200+1
REMAX$12,500 to $35,000$5,000 to $17,500 renewalWorldwide recognition, extensive training19733679105 in northern Illinois
Sotheby’s International Realty$25,0006% royaltyOperational support, international branding, recruiting, business resources, technology, on-going support20046156
United Country$15,000$1,500 renewalDifferentiation for lifestyle properties in small cities, towns and country markets19974503
Weichert$25,0006% royaltyOne on one support, tech, business plans, workshops200138815

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