Frequently Asked Questions
Considering owning a real estate business.
It’s a big decision that you’ll have many questions for, we’re sure of it. So, we’ve compiled a list of the most commonly asked in helping you make that decision. Of course, every business owner is unique in their situation so we encourage you to speak with one of the RE/MAX team to find out more about how the brand can work with you and your goals.
What’s the benefit of buying into a real estate network?
When you buy into a real estate network, you get more than just the name. You also gain full access to a model that’s proven to be successful. This will cut down the number of difficult business and marketing decisions to make, allowing you to focus more on the growth of the business rather than some of the distractions that some business owners face without the backing of a brand. You can also tap into the knowledge of those in the group that have been in your shoes and have proven to build a successful business.
What does a RE/MAX business immediately have access to?
Everything from technology, marketing templates, preferred partner product/service offerings to day-to-day business processes, proven solutions and help with making important decisions leaving you to focus on growing your business.
What are the advantages of starting your own RE/MAX real estate business?
You are in business for yourself but not by yourself.
A tagline from the founder of RE/MAX 50 years ago that still stands today.
With RE/MAX as a new or experienced business owner, you have the flexibility to develop, grow and run your own business and brand, the way you choose to whilst being backed by a global brand with resources, credibility, and immense support.
What are the risks with starting your own real estate business?
Starting any new business requires a level of investment and financial contingency planning and that goes for joining a franchise or starting an independent real estate business.
Whether it is the ongoing costs of running a business with the management of staff, licensing, state regulations or the evolving industry models and technology.
By teaming up with a franchise that values innovation and flexibility, offers proven models, business support and tried and tested solutions, you can be confident in the advantage you’ll have to benefit and grow your business.
What does starting a real estate business cost?
The cost of initially buying a real estate business and the start-up costs are two separate matters.
While some franchise opportunities will set you back $30,000–$40,000, the cost of buying a RE/MAX franchise will depend on your financial position and scale and is significantly less. Think of this cost as a setup fee for the coordination of effectively setting you to launch.
A cost indication for a start-up business over the first year can range from $50,000 up to $250,000. The bulk of these expenses can vary from office fit-outs to skill development and marketing.
A conversation with one of the RE/MAX Growth Managers will give you a firmer idea of what your specific costs will be.
What are the ongoing monthly costs of a RE/MAX business?
Some real estate brands may charge up to 12% on your sales and property management turnover, whereas RE/MAX fees are considerably less but still provide a full franchise offering. RE/MAX has a mix of fixed and variable percentage fees. What this means is, that the larger the business grows the overall percentage decreases. For further clarity and breakdown of the fees, please feel free to contact RE/MAX today and one of our representatives will talk you through the structure.
Why RE/MAX?
At some stage, all real estate business owners will ask themselves “what technology should my team use?”, “what can I do to attract the top salespeople in the area to my business?” and “am I making the right strategic and operational decisions for my business?”. Starting a RE/MAX franchise means you don’t have to answer these questions (and more) on your own. You are backed by a proactive Head Office team who will support you along your business ownership journey, from day one.
Take a look at our top 5 reasons WHY RE/MAX, HERE
What’s involved in setting up a RE/MAX business prior to being operational?
From the moment you sign your franchise agreement, you will be guided by the dedicated onboarding team to prepare your business for operation. Whether it’s business planning, assistance in your office fit out, marketing collateral or building an office website, you’ll be guided thoroughly through each step.
How do I know if I’m ready for business ownership?
RE/MAX have multiple pathways to further your real estate career and reach business ownership. We have a unique to RE/MAX model available that sets us apart from the others.
Speak to the team at RE/MAX, today, to see what fits best for you.
Will I be forced to use all of RE/MAX’s technology?
The RE/MAX framework is based on a flexible model to run your business how you want and this includes the type of technology you use. As an example, there are several of Australia’s top CRM’s available to be used and it is each businesses choice as to which one to go with.
How does RE/MAX help me build a bigger business?
RE/MAX have an abundance of tools to help you build a bigger business from world-class agent recruitment strategies, cutting edge technology to generate leads and win business. We also future proof our businesses with constantly evolving models and frameworks for the modern real estate professional.
Have a question we haven’t answered?