new business & franchise model
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WhyRE/MAXbusiness model is
better than the normal brokersbusiness model?
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Invest in office (space and interiors)
Do transactions to earn money
When business grows keep employees
Prefers to keep relatives , friends so there is less or no cheating
Open another branch only if a relative or a very trustworthyperson is available.
What a normal broker model is?
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Minimum 500 sq feet office is required
Either rented or owned
Overheads of running an office
Manpower cost
Other Expenses, like government compliances
Investment in Office
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In normal broking business, you just do transactions, but not
focus on building relationships. (As the first priority is to run theoffice)
No long term vision
No training available on how to increase business
Less technological use
Each office tries to create own brand
Transaction Oriented Approach:
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If your business grows , you have to keep more employees which are hard to find
By keeping more employees , you are adding cost in yourbusiness
You also need to retain employees by giving them more money
More employees, More Management , More Time, More Cost
High Running cost:
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There is always a risk of cheating in business in real estate
brokerage due to lack of documentation. A businessman tries to keep known and trustworthy friends and
relatives
It is difficult to get relatives who can be successful brokers
Trustworthy Employees:
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You need a :
Trustworthy person
In the city in which you want to open a branch Who is willing to start a real estate business
Wants to work under you
Mostly the relatives lives in same area/city
Multi-City Branches
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Not scalable
Revolving door mentality
No viability for branding ,training or technology
Why normal brokers are notsuccessful?
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It is difficult for individual to expand the business
Volume of business stays limited due to capacity constraints. Due to cyclical nature of the industry the broker cannot commit
to high fixed costs
Not Scalable
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Employees come and the broker trains them
They learn and work for sometime and leave the business when they
become expert
So the broker looses on all the investment he has done on this person.Moreover, the employee becomes competitor.
Revolving door mentality
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In todays competitive market advertisement is necessary which is a
costly affair.
If you dont do advertisement, you dont do generate enough leads tostay busy
Each office tries to build its own brand, which takes years.
As all competitors are also doing the same, the cost of advertisementincreases and effectiveness decreases.
No scale for branding
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Training requires a class full of students and a trainer
With 3 employees, the broker doesnt have any scale for training No ready made courses are available for the broker to send his
employees to.
Moreover good employees dont join the broker and he has to
get fresher's or people outside industry
Customers on other hand demand best service, which requiresmore training to employee
No scale for training
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Website and software needs to be made to market the listing
online. However a small office doesnt have financial or technical
resources to do all that
Technology is required to make employees more productive.Without technology, employees do less work in more time,
which hinders the office growth
No scale of technology
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The broker can break the vicious cycle by joining hands with
RE/MAX, the worlds most productive work force of real estatebroking.
How to grow?
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Worlds leading real estate network.
Presence in 91 countries & nearly 7000 franchised office. A business model that has made millionaires out of struggling
business owners
Turning real estate brokers in to real estate investment manager.
Nobody in the world sells more real estate than RE/MAX.
About RE/MAX
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What is RE/MAX model ?
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What else to say
Is RE/MAXmodel successful ?
91 Countries
7000+ Offices
100,000+ Agents
20,00,000+ Transactions
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Comparison
Own BusinessHigh Capital Investment
Variable Running Expenditure
High Manpower Cost
Limited Market Presence
Network
Advertising/ Branding
Limited Reach
RE/MAX
Nominal Affiliation Fee
Minimum monthly expense
Bigger office Space
Biggest Brand
Highest Market Presence
Largest Network
Higher Advertising
Unlimited Reach
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The Indian G.D.P. growth of amongst the fastest across the world. Worlds top 5 economies and urbanization is spreading across the country.
There is a huge demand for professional people who can provide betterservices.
Developers and customers are in search of skilled & professional real estate
brokers.
Why Indian real estate market needsRE/MAX ?
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Power of the RE/MAX Name
Worldwide Real Estate Leader Premier Market Presence
Technological Edge Premier Market Presence
Networking and Referrals Main Street. Not Wall Street.
On-Demand Education Take a Step Above the Crowd
Common Advertising
Recruiting Support
In Business for Yourself, But Not by Yourself Franchise Support
Why join RE/MAX ?
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Traditional Business Modelvs
RE/MAX business model?
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High manpower costs
High manpower turnover
High branding costs
No training efforts
High monitoring
No support
No cooperation from competition
Problems in normal business models
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Low manpower costs
Less manpower turnover
Less branding costs Training & Motivation
Less monitoring
Support at every stage
Cooperation from competition
Benefits in RE/MAX business models
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Low inventory
Unskilled agents
Lack of technological use
Dissatisfied customers
Problem in other broking business
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High inventory
Trained & Skilled agents
Use of technology
Satisfied customers
Benefits in RE/MAX broking business
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A business model which helps in:
Attracting most Professional agents of the market
Agents who are motivated to provide the best service Attracting Most listing in the market
Build a Brand
Other features of this model:
Accountable
Flexibility in running franchise
Why RE/MAX business model ?
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RE/MAXs Agent Centric BusinessModel
Brokerage
Remax
Broker Office & Broker Associates
Broker associates earning the maximum percentage on every transaction (45-81%)
Broker office 9-45% and so on
The gains for the broker owner multiply with every Broker associates he/she recruits
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Sales Associate Orientation program (SAO) gives your new recruits all the
information on RE/MAXs programs and services Information on training, business planning, awards and recognition,
conferences, rallies, retreats, technology, trademark and graphic standards,referrals, community care programs etc.
franchise owner, recruiting and retention is the lifeblood of your business
Franchise Support
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The RE/MAX organization was created by top real estateprofessionals for top real estate professionals
With the RE/MAXname working for you worldwide every day,you have every opportunity to rise to heights you may neverbefore have dreamed of.
your own successful real estate company using the best system
and support services in the industry, you owe it to yourself tolook closely at RE/MAX.
In Business for Yourself, But Not byYourself
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The RE/MAX brand, market share and advertising give you a
better opportunity Start with an online site devoted exclusively to recruiting
www.remax-mgm.com
You can send your prospects to the site before you meet withthem, giving them a strong knowledge of the benefits and
services RE/MAXhas to offer.
Recruiting Support
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Our print ads are in all the major home magazines
Sales associates capitalize on the top-of-mind awareness. Award-winning RE/MAX advertising helps RE/MAX
Broker/Owners recruit Sales Associates
National Advertising
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RE/MAX Affiliates refer their clients directly - agent-to-agent,with no middleman adding additional cost - to over 100,000Sales Associates in more than 7,000 offices in over 91 countries.
The referral experience is facilitated by the online referral roster,which features automated forms and online referraltransmission.
RE/MAX referrals flow from one experienced agent directly toanother based on criteria they select themselves
Networking and Referrals
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RE/MAXhas developed one of the worlds most advancetechnology platforms- Gryphtech
It is for India operation which would give an unmatchedtechnological advantage to your agents.
Gryphtech offers a suite of high quality application which ensurethat not only your agents are able to present their listing moreimpressively.
Also empower you with powerful administrative tools to helpyou take control of your business.
Use of technology
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RE/MAX is one of the most trusted brand in the world.
Skilled & Professional agents makes customer satisfied The customer is further assured of safety of the transaction.
The broker associates introduce themselves as a part of theRE/MAXnetwork , thy will give the customer the assurance of abrand.
Satisfied Customers
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At RE/MAX everyone wins- agents get maximum commission.
Agent has more satisfaction and motivation to work harder More inventory , sales , profit
Everyone work as entrepreneur
Less agent monitoring required
RE/MAXs unique business model
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Power of a global brand
Marketing and lead generation Training
Technology
Agent Technology Tools
Office Technology Tools
Network
Business for yourself , but not by yourself
Key reasons to join RE/MAX
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The day you join RE/MAX, everybody knows your name.
RE/MAX is synonymous with quality, integrity, professionalism
and experience. Extensive national advertising, worldwide sponsorship of major
sports events and the collective power of marketing bythousands of Affiliates
It's a fact: Buyers and Sellers flock to RE/MAX.
Power of Global Brand
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The RE/MAX network enables you to explore and generate
relevant leads. A fraction of the cost through co-operative participation with
otherRE/MAX affiliates
Every time any RE/MAX affiliate undertakes a marketing initiativein the country, it is your brand RE/MAX that gets promoted.
Marketing & Lead Generation
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Contact management system for all
Referral manager for transactions
Marketing tools for reaching out to more people
Personal webpage and email address
Unlimited property listing with photographs
Buyer Match
Agent technology tools
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Performance tracking of associates
Goal setting for your office
Comparing your office performance with other offices Complete analysis of office like inventory, lead generation ,
agents daily activities, transaction reporting
Office technology tools
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Skill development & knowledge sharing
Professional training program for associates for improving in earning
Use of technology in real estate business RE/MAX frequently organise training to upgrade skills & knowledge
Training programmes are focused on improving the earnings of eachassociates
Trainings are more focused on some of the important topics like
Sales , Technology & Real Estate fundamentals.
Training
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Agent centric company
Run by entrepreneurs at every level
Affordable investment
Least operating cost
Focused on skill development, training, use of technology
Biggest network
Support at every level
Assurance of a brand
Unlimited potential , endless possibilities
RE/MAXbusiness model is betterthan the other business
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For a RE/MAX franchise you require :
Investment ability from 5 to 10 lakhs
An office space in any location
Flair to recruit agents to work in the franchise
Solicited forfranchises are open right now in the following areas:
Gujarat, Mumbai , Maharashtra ,Ahmedabad, Vadodara, Surat , Rajkot, Pune,
Aurangabad, Nasik , Thane.
Who can Apply for a Real EstateFranchise?
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Make the decision that will make your life
Call us : 1800-121-7100 or email us : [email protected]
JOIN