Industry News

Realty World announces 27 new franchises

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Realty World Inc. announced the sale of 27 new franchises in the third quarter. "We are particularly pleased to see the growth in emerging markets such as Washington state," said Gary Longobardo, president and chief operating officer. Ed Rush, broker-owner of Realty World-Premier in the Palm Springs, Calif., market area, has converted his four offices to Realty World franchises, the company reported, in Desert Hot Springs, Morongo Valley, Yucca Valley, and Murrieta, Calif. Realty World Inc. is a national and international real estate franchisor operating in the United States, Mexico, Central America, The Caribbean, and Turkey. The company began franchising in 1973 and there are franchises in 36 states. The company has an $18,000 franchise fee, a monthly fee of $250 per broker-owner, a monthly fee of $125 per agent, a monthly ad fund of $25 per agent or broker, and a residual income program for agents....