Realty One Group, one of the largest brokerages in the U.S., has grown the franchise business it launched in 2012 to 30 affiliated brokers representing over 900 agents in six states.
Irvine, California-based Realty One Group, ranked by Real Trends as the seventh-largest brokerage by dollar volume in 2013, now has franchisees in California, Arizona, Nevada, Colorado, Texas and Oregon.
So far this year, Realty One Group has added seven franchisees:
- Realty One Group Solutions, Santa Clarita, California
- Realty One Group Trilogy, San Bernardino, California
- Realty One Group Alliance, San Mateo, California
- Realty One Group Lone Star, Houston
- Realty One Group Partners, Dallas
- Realty One Group Premier, Denver
- Realty One Group Platinum, Eugene, Oregon
“We know that Realty One Group is a catalyst to transform the traditional, broken real estate industry and is creating new norms and a new culture,” said Rick Hudson, Realty One Group’s executive vice president of franchise development, in a statement.
Launched as a brokerage in 2005, Realty One Group has grown to more than 5,000 agents working out of 50-plus offices. The company branched out into franchising in the fall of 2012, and recently launched a print and digital magazine to help raise the visibility of its franchise operation.
Instead of royalties or annual fees, Realty One Group has a flat-fee agent commission model. All agents pay a flat monthly fee of $100 (of which the franchisee keeps $75) and a per-transaction fee of $200 (of which the franchisee keeps $150). Realty One Group also collects $50 for each $500,000 of a transaction.