Are the rewards of buying a franchise worth the risk? at Real ...
Over time we tend to adjust our thinking and perspectives of how we want to conduct our business.I’m referring specifically to the real estate industry and directly to the real estate agents and broker/owners.
The industry is very attractive based upon the ability to operate as an independent contractor. No set hours and you are rewarded based upon your own ability to produce results in servicing either buyers or sellers of real estate.
In the last 40 years many Real Estate Franchise companies have been started and then promoted. From there the brand was used to attract new franchisees and agents to work within those franchises.
The end result is that the franchise industry has captured over 60% of the real estate market in the United States. The franchisors did very well and far better than the franchisee’s that believed in a specific brand.
Just because someone buys a franchise does not mean they will be successful. The franchisor, as they are known, does not warrant or guarantee success. That is entirely up to the franchisee.
Who buys a franchise and why do they buy a franchise?
...Read more...
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