Real Estate Brokerage Business
Franchise research report · reviewed 2025 disclosure data
Researching Real Estate Brokerage Business franchise opportunities? Every figure below is cited to the FDD.
HomeSmart franchises operate real estate brokerage businesses serving residential and commercial property purchasers and sellers. Franchisees use the HomeSmart brokerage system and may operate additional branch offices within their territory under the franchisor’s branch-office structure.
Headline figures
Real Estate Brokerage Business quick facts
- Is Real Estate Brokerage Business a franchise?
- Yes. Real Estate Brokerage Business offers franchises through a Franchise Disclosure Document. At the end of 2024, it reported 205 franchised and 57 company-owned outlets (2025 FDD, Item 20, PDF p. 35).
- How much does it cost to open a Real Estate Brokerage Business franchise?
- The Real Estate Brokerage Business Franchise Disclosure Document reports separate estimated initial investments by format: $65,500–$205,000 for total estimated initial investment — low (2025 FDD, Item 7, PDF p. 15); $205,000 for total estimated initial investment — high (2025 FDD, Item 7, PDF p. 15). These formats are not combined. Each is the franchisor's disclosed estimate, not a quote. Details
- What ongoing fees does Real Estate Brokerage Business charge?
- The disclosed ongoing royalty is $12 (2025 FDD, Item 6, PDF p. 10). The brand or advertising fund contribution is 4% (2025 FDD, Item 6, PDF p. 10). Other recurring fees are listed in Item 6. Details
- Does Real Estate Brokerage Business disclose financial performance (Item 19)?
- No. The reviewed Real Estate Brokerage Business FDD states that it does not make a financial performance representation in Item 19. Details
- How many Real Estate Brokerage Business locations are there?
- The FDD reports 262 outlets at the end of 2024 (2025 FDD, Item 20, PDF p. 35). Existing locations do not indicate territory availability. Details
- Is Real Estate Brokerage Business a good franchise to buy?
- Franopolis does not rate or recommend franchises. From the reviewed FDD: Item 19 makes no financial performance representation, so ask current owners about results; Item 20 lists outlet openings, closures and transfers; Item 6 includes a brand or advertising fund contribution on top of royalty; Item 20 also lists current and former franchisees you can contact. Review the full FDD with a franchise attorney and accountant before deciding.
From reviewed FDD figures only. Not a recommendation or projection.
What the disclosures show
- 1The 2025 FDD (Item 7) estimates opening costs separately by format: $65,500 – $205,000 (Total estimated initial investment — low); $205,000 (Total estimated initial investment — high); several initial fee options apply.
- 2The franchisor makes no financial performance representation in Item 19.
- 3Outlets grew by 18 in 2024, to 262 (United States, as labeled in the FDD, Item 20).
From reviewed FDD figures only. Not a recommendation or projection.
Real Estate Brokerage Business head-to-head
Closest peers in the same subcategory, side by side from reviewed FDD figures. Not a ranking or recommendation.
Better Homes and Gardens Real Estate
Counselor RealtyCosts · Items 5–7
What does it cost to open?
Estimated opening costs and the fees payable to the franchisor.
Startup Investment — Item 7
Range across 2 single-unit formats
2025 FDD · Item 7
Formats disclosed in Item 7 (2)
Each format has its own total. The total depends on the format you choose.
- lowPDF p. 15$65,500 – $205,000
- highPDF p. 15$205,000
Ongoing Fees — Item 6
Selected recurring charges; payment bases and conditions remain attached to each fee.
- Royalty per agent per monthMain ongoing fee
29 reported fees, each with its payment basis, are listed below; they haven't been sorted into recurring, initial and occasional groups yet.
Financial Performance — Item 19
What results are disclosed—and for which locations?
No financial performance representation in Item 19
The reviewed 2025 FDD for Real Estate Brokerage Business has no Item 19 figures on record. Franopolis does not estimate revenue or earnings in their place; ask the franchisor and current owners what unit-level information they can share.
Outlet Changes — Item 20
How has the outlet count changed?
United States, as labeled in the FDD · counts as of year end 2024 of each year.
2025 FDD · Item 20 · PDF p. 35
Net +24 outlets, 2022–2024
Year-end counts reported in Item 20. The scale starts at zero; the labels between the dots show each year's change. Openings and closures for 2024 haven't been pulled from the Item 20 tables yet, so no turnover or churn is shown.
Questions to investigate
Prompts based on what this brand's reviewed disclosures do and don't show — not conclusions. Join free as a member to save questions to your research.
For the franchisor
Which line items in the 2025 Item 7 estimate ($65,500 – $205,000) vary most by market, and why?
Which initial fee option would apply to my situation, and what conditions or discounts affect it?
Real Estate Brokerage Business reports no financial performance figures in Item 19. What information can you share about unit-level results?
Reported units went from 244 to 262 in 2024. How many new units opened, closed or changed hands?
Is a territory available in my area, and how is it defined in my agreement?
For current and former owners
How did your actual startup costs and timeline compare with the Item 7 estimate?
How many hours a week do you work in the business, and in what role?
What support from the franchisor has been most and least useful?
For your advisors
Ask a franchise attorney to review the territory, renewal, transfer and termination terms.
Ask an accountant to build a cash-flow plan using your own assumptions, not the franchisor's.
Sources & vintage history
Every displayed fact is retained with its disclosure vintage, item, page, and reviewed status. Prior vintages remain on file rather than being overwritten.
Citations (2025 FDD)
- [1]Outlet counts — Item 20, Table 1 · PDF p. 35
"PDF p." is the page in the PDF file; "printed p." is the number printed on the FDD page.
Territory & operations
These are contract disclosures, not confirmation that any territory is currently available.
Legal & agreement
Franchisor financial statements
| Fiscal year | Measure | Reported value |
|---|---|---|
| — | parent consolidated total assets | $50,073 |
| — | parent consolidated total revenue | $458,966 |
| — | parent consolidated cash and cash equivalents | $4,949 |
| — | parent consolidated total current assets | $8,544 |
| — | parent consolidated net income | $4,676 |
| — | parent consolidated income from operations | $7,653 |
| — | parent consolidated total liabilities | $47,857 |
| — | parent consolidated net cash provided by operating activities | $8,987 |
| — | parent consolidated total stockholders' equity | $2,216 |
These figures describe the franchisor company, not individual franchise locations.
SBA-backed loans to franchisees
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Source: U.S. Small Business Administration 7(a) & 504 FOIA data. Loan volume is not a measure of franchisee success.
Related research
Brands in the same subcategory first, then the wider industry, ordered by shared business format and overlapping investment range. This is not a ranking or recommendation.
Better Homes and Gardens Real EstateCounselor RealtyHHomeSmartHHHoward Hanna Real EstateJHJoe Homebuyer
JPAR Real EstateHead-to-head comparisons
At a glance
Business history
Not reviewed
Owner participation
Not reviewed
Territory language
Litigation disclosure
Not reviewed
Bankruptcy disclosure
Not reviewed
Agreement term
Not reviewed
Reader notes on wording
Our automated check found that these summaries may not match the FDD's exact wording. Read the FDD excerpt itself; it is the authoritative text. Core cost, fee, Item 19 and outlet figures are not affected.
Item 12 · PDF p. 27 · 2025 FDD
Our summary: Territory protection condition
“so long as you comply with all of your obligations under the Franchise Agreement, and subject to our reservation of rights and the Annual Agent Quota requirement, we will not open a competing HomeSmart Real Estate Brokerage Business within your Territory.”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 50 · 2025 FDD
Our summary: Parent consolidated net income
“Net income (loss) 4,676”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 50 · 2025 FDD
Our summary: Parent consolidated income from operations
“Income (loss) from operations 7,653”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 51 · 2025 FDD
Our summary: Parent consolidated total liabilities
“Total liabilities 47,857”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 52 · 2025 FDD
Our summary: Parent consolidated net cash provided by operating activities
“Net cash provided by operating activities 8,987”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Item 21 · PDF p. 51 · 2025 FDD
Our summary: Parent consolidated total stockholders' equity
“Total stockholders' equity (deficit) 2,216”
Note: Supplied quote could not be confirmed on the cited PDF page excerpt.
Independent analysis of franchisor-provided data. Not investment advice. Franopolis does not distribute FDDs.
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