Find Real Estate Executives in Mission Viejo

If you’ve considered starting a real estate company, you can save yourself time, money and effort by learning about the franchise company, Mission Viejo Realty Executives and what it offers franchisees.

A Franchise Real Estate Company

Mission Viejo Realty Executives is a real estate franchise with an impressive history. In 1965, the company won admiration as the first to offer 100 percent commission. Just as it sounds, the 100 percent commission system allows real estate sales associates to keep 100 percent of the commission on their sales. Before Dale Rector, founder of Realty Executives, instated this method, traditional real estate companies used a split-commission system to divvy up commission profits between sales associates and the broker.

Realty Executives began in Phoenix, Ariz., and was the first to offer the 100 percent commission system, which has since caught on in much of the real estate industry. Sales associates in Realty Executives pay the broker’s salary, but do not owe him a portion of their commission. Since 1973, the company has been offering franchises, and there are now 778 U.S. franchisees, 36 Canadian franchises and 34 foreign franchises. Despite these high numbers, Realty Executives is still seeking franchisees throughout the world.

Interested in a franchise?

If you’re a real estate broker or sales associate looking for a different career with more money-making options, you may want to consider starting your own franchise. Realty Executives, unlike many other real estate franchises, does not train its employees. Instead, it relies on the 100 percent commission system to bring in some of the best sales associates from other real estate companies in the area. For franchisees, there is a three-day training session at the headquarters in Phoenix, as well as meetings during the year for continuous training. One of the best things about buying a franchise rather than starting a company from scratch is the marketing already in place. Realty Executives uses co-op marketing, ad slicks, national media and regional advertising to spread the word about your franchise. Realty Executives is also a good deal for franchisees: It was ranked 17 of 139 low-cost franchises by Entrepreneur magazine in 2005. The total cost of a five-year renewable contract is between $18,600 and $88,100, depending on how large an operation you plan to run. The franchise fee is between $1,000 and $26,000, and you will pay an ongoing royalty fee of $50 per licensed real estate sales associate.

As a Realty Executives franchisee in Mission Viejo, you will work in either commercial or residential property sales, or both. With a low-cost franchise system and a commission pay out guaranteed to attract top real estate agents, Realty Executives is a proven and well-established company.