RE/MAX, one of the leading real estate franchise companies in America with the most productive sales force in the industry and a global reach of more than 91 countries. RE/MAX is an acronym for Real Estate MAXimum, founded in 1973 by Dave and Gail Liniger, both are real estate industry visionaries who still lead the Denver-based global franchisor today. Nobody in the world sells more real estate than RE/MAX.
In October 2012, RE/MAX Philippines, recently opened its doors in one of Asia’s most progressive countries – the Philippines. RE/MAX Philippines aims to change the country’s Real Estate landscape by offering its affiliates the strength of the RE/MAX brand, its unparalleled live-training events and 24/7 online continuing education programs, the vast RE/MAX global network, and all the necessary tools and information their member agents need to outperform competition.
RE/MAX International oversees a network of more than 150,000 agents in more than 91 countries with more than 7,000 offices. The network is made up of more than 70 regions, varying in size from a metropolitan area to an entire country. The RE/MAX franchise network is described as “a global real estate system of franchisee owned and operated offices and their affiliated independent professionals”.
Each RE/MAX office is individually owned and operated. RE/MAX International provides its brokers and agents with corporate services, e.g. agent training and advertising. Brokers have full autonomy to run their business to their regional market demands. Franchise agreements do not enforce rules to operate the business and cannot dictate policy. RE/MAX is ranked as the No. 1 real estate franchise in the world!
How to franchise Re/Max:
Top 10 Reasons to invest in a RE/MAX Franchise
- The Power of The RE/MAX Name
- Recruiting and franchise support
- Worldwide real estate leader
- National advertising
- Entrepreneurial approach
- On demand education
- Technological edge
- Powerful lead generation
- Business specialties
- Everybody wins
Franchise Opportunities
The RE/MAX system provides its franchisee’s and their agents with a highly robust and complete platform of business solutions. Their proven system is used by some of their industry’s most productive professionals. Theyhave expertise in franchise conversions, merges and acquisitions, expansions, new locations, start-ups and team franchise locations.
When you choose RE/MAX, you’re connected with an established brand and diverse tools which include:
- Power of the World’s Leading Real Estate Brand
- Global Network
- Technology Edge
- Best National Global Brand Building
- Career Development for Owners and Agents
- Global Networking and Referrals for Franchisee and Agents
- Events, Conferences and Recognition
- Regional Franchisee Support
- Community Involvement
- Conversion and Start-Up Expertise
Frequently Asked Questions
1. When has RE/MAX been founded?
Dave and Gail Liniger founded RE/MAX in Denver, Colorado in 1973, prompted by their dissatisfaction with the way real estate was conducted. Today RE/MAX has more than 90,000 agents in over 80 countries. The network’s streamlined management system means problems are anticipated, and decisions are implemented quickly, efficiently and effectively to help you sell real estate.
2. What does the RE/MAX business model look like?
RE/MAX has assembled a wealth of business-building systems and resources, including global brand name awareness, on-demand training and education, global lead-generation systems and leading-edge technology. These valuable resources become available your first day at RE/MAX and were designed to help you grow your business.
3. Can I alienate my franchise license and business?
It is a standard procedure in franchise that any possible party entering your business has to be approved by RE/MAX.
4. Does the Licensing system require previous estate agency EXP.?
No, everything you will have to know about real estate can be found within the RE/MAX system. In fact we do have as many successful Franchisees without any previous real estate experience, as we have former real estate professionals on board. However, having previous experience in the real estate business might help you to set-up your business in a shorter time.
5. What is the realistic working capital needed?
The figure consists of the following components: Franchise fee training, office fitting, working capital for the start-up phase and fixed ongoing costs of your company.
6. What is the duration of my Franchisee contract?
The duration of the agreement is five years.
7. What royalties do I have to pay?
The royalty structure will be discussed during a personal meeting.
8. What territories are available at the moment?
Please check our website or directly contact your RE/MAX Franchise Sales Consultant.
9. Will you help me to launch my business?
Yes. Our experience and specific marketing tools available will ensure the successful launch of your business.
10. What ongoing operational support is given to a Franchisee?
An experienced and supportive corporate team re-insures your access to all the RE/MAX expertise to get your business on a firm basis
11. What training is offered?
Today’s RE/MAX University offers an extensive Internet-based training program. More than 1,200 educational videos are available 24/7 on-demand – on your TV, mobile device or computer. Through RE/MAX University, offices and agents gain access to education on virtually every facet of real estate productivity.
12. Do I have to work full time in the business?
A successful office will need a full time attention. This might of course be covered by the franchisee or a manager of his/her choice.
13. Can I see a copy of the Franchise Agreement prior to signing?
The franchise agreement will be discussed with you in detail. After signing a confidentiality agreement, we will discuss the contract personally.
Contact Details of Re/Max Philippines:
9/F Arthaland Century Pacific Tower
5th Ave. Corner 30th St., BGC,
Taguig City, Metro Manila, Philippines
Tel. No.: (02) 7216-4977
Mobile No.: (0917)850-1808
Email: [email protected]
Website: www.remax.ph
Facebook Page (This link will open on a new window)
Basics of Franchising Re/Max Philippines
Franchising benefits
Franchisees gain access to a proven business model, established brand reputation, and ongoing support from Re/Max Philippines, reducing the risks associated with starting a new business. They benefit from collective advertising and marketing efforts conducted by the franchisor, which can result in increased customer traffic and sales. Franchisees also have the opportunity to tap into the training and operational resources provided by the franchisor, enhancing their chances of success and profitability. Below are just a few pointers why franchising Re/Max Philippines is beneficial for the inverstors:
High success rate due to its business model rather than starting from scratch.
Franchising Re/Max Philippines offers the advantage of tapping into an established reputation and customer base, which can significantly reduce the time and effort required to build brand recognition. Additionally, franchisors typically provide comprehensive training, ongoing support, and proven business models, mitigating many of the risks associated with starting a new venture.
Franchisees benefit from economies of scale in purchasing, marketing, and operational support, which can lead to cost efficiencies and improved profitability.
Overall, franchising offers a structured pathway to entrepreneurship with a higher likelihood of success compared to launching a new brand independently.
Re/Max Philippines is a recognized brand or trademark that can bring you success.
Success is achievable for franchising recognized brands like Re/Max Philippines due to their established reputation, which can attract customers more readily and build trust faster than starting a new brand. Franchisees benefit from proven business models, operational support, and marketing strategies provided by Re/Max Philippines, reducing the risks associated with independent entrepreneurship.
Additionally, being part of a well-known brand network offers access to economies of scale, collective marketing efforts, and a support system among fellow franchisees, enhancing the likelihood of success.
Availing financing from various sectors is highly likely due to a good brand reputation.
Financing is often more readily available when franchising a reputable brand due to several factors. Banks and lenders are typically more willing to provide loans to franchisees of established brands because they have a proven track record of success and lower risk compared to new, unproven businesses.
Additionally, franchisors may have relationships with financial institutions or offer financing options themselves, making it easier for franchisees to secure funding. The recognizable brand name and business model of Re/Max Philippines also provide a level of security for lenders, increasing the likelihood of loan approval and favorable terms for franchisees.
Formula for success that a franchisor may provide.
Low-cost supplies and efficient supply chain management contribute to higher profit margins for franchisees by reducing the cost of goods sold. Effective marketing increases brand visibility and customer traffic, leading to increased sales and revenue. A prime location maximizes foot traffic and accessibility, further enhancing the franchisee's revenue potential and profitability.
5 things to consider when franchising Re/Max Philippines
1 Make sure that you really want to own this franchise and this will best fit your venture among other offered business opportunities.
2 Be certain that you can work harmoniously with Re/Max Philippines franchise and it is within your interest. A visit to one of the franchise store will help you be more aware of operation and proceedings.
3 Carefully study the Terms and Condition, Franchise Agreement, and what are included in franchising Re/Max Philippines.
4 Check if Re/Max Philippines franchise will be compatible with the rules and regulation, as well as existing laws on chosen location.
5 Best location is one key aspect to have a successful Re/Max Philippines franchise. Study the environment and see if your business suits the surroundings.
Successful frachising 101
Becoming a successful Re/Max Philippines franchisee requires a combination of strategic planning, dedication, and hard work. Here are some steps you can take to increase your chances of success:
Research
Start by researching various franchise opportunities to find one that aligns with your interests, skills, and financial resources. Look for franchises with a proven track record of success, strong brand recognition, and a supportive franchisor.
Understand the Franchise Agreement
Carefully review the franchise agreement, including all terms, fees, and obligations. Make sure you fully understand the expectations and requirements of being a franchisee.
Financial Planning
Evaluate your financial situation and determine how much capital you have available for investment. Consider not only the initial franchise fee but also ongoing expenses such as royalties, marketing fees, and operational costs.
Training and Support
Choose a franchise that offers comprehensive training and ongoing support to franchisees. Take advantage of all training programs provided by the franchisor to learn the ins and outs of the business.
Location Selection
If the franchise involves a physical location, carefully choose the location for your business. Consider factors such as foot traffic, demographics, competition, and lease terms.
Follow the System
One of the benefits of franchising is that you're buying into a proven business model. Follow the franchisor's system and guidelines closely to increase your chances of success.
Provide Excellent Customer Service
Focus on providing excellent customer service to build a loyal customer base. Happy customers are more likely to return and recommend your business to others.
Marketing and Promotion
Take advantage of the marketing support provided by the franchisor, but also be proactive in promoting your business locally. Utilize social media, local advertising, and community events to attract customers.
Manage Finances Wisely
Keep track of your finances closely and manage expenses efficiently. Monitor your cash flow, budget carefully, and seek professional advice if needed.
Adapt and Innovate
Be willing to adapt to changing market conditions and customer preferences. Look for opportunities to innovate and differentiate your business from competitors.
Network with Other Franchisees
Connect with other franchisees within the same system or industry to share insights, experiences, and best practices. Networking with fellow franchisees can provide valuable support and advice.
Stay Committed
Building a successful franchise takes time and effort. Stay committed to your business, remain focused on your goals, and be prepared to overcome challenges along the way.
By following these methods and staying dedicated to your business, you can increase your chances of becoming a successful Re/Max Philippines franchisee.