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Home > Franchises > Weichert Real Estate Affiliates Inc.
Weichert Real Estate Affiliates Inc.
A franchise agreement takes place when the concerned parties involved are bound together through certain contractual provisions. This is an arrangement whereby someone with an idea for a business, the franchisor, sells to another person the franchisee the rights to use the business's name, sell a product, or provide a service to someone else. A franchise agreement will usually specify the given territory the franchisee retains exclusive control over the area protection, as well as the extent to which the franchisee will be supported by the franchisor.
Weichert Real Estate Affiliates, Inc, the franchise arm of Weichert, Realtors, the nation’s largest privately owned provider of home ownership services, is celebrating two milestone events. The company is marking both the opening of its 200th signed franchise office in Johnson City, Tenn., and its own fourth anniversary. Weichert Real Estate Affiliates now has offices open in 20 states and ranks among the fastest growing franchises in the U.S, according to Entrepreneur magazine.
The 200th signed office, Weichert, Realtors Gray Springs, is in northeastern Tennessee’s Johnson City. William Edward Entrekin has been named broker of record and Joy Thomson general sales manager. Weichert Real Estate Affiliates now totals more than 4,000 affiliated sales associates in a growing number of offices from Massachusetts to Florida and throughout the Midwest and Texas. Last spring, more than 450 franchise members participated in the organization’s first national convention held in Orlando, Florida.
Their total investment is 45000 to 254000 dollars, franchise fee is 25000 dollars, ongoing royalty fee is 6 percent, term of agreement is 7 years, and renewal fee is 1000 dollars. As according to entrepreneur magazine 2002-2006, weichert real estate affiliates inc. Ranked 221 in 2006, 213 in 2005 in franchise 500 rank and ranked 10 in 2005. Weichert has more than 17,300 sales associates in nearly 400 company owned and franchised sales offices in key markets throughout the U.S. A family of full service real estate and financial services companies, Weichert helps customers buy and sell both residential and commercial real estate, and streamlines the delivery of mortgages and home and title insurance. To make the Weichert vision of excellent service a reality, they are committed to partnering with growth oriented companies like yours that maintain the highest standards of professionalism.
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