RE/MAX an international real estate company has tied up with Franchise India Holdings Ltd (FIHL) for its foray into real estate brokerage.
RE/MAX an international real-estate company has tied up with Franchise India Holdings Ltd (FIHL) for its foray into real estate brokerage. It is further planning to expand its service portfolio from a leading business brokerage consultancy to a 360 degree franchise support.
Re/MAX is seeking business professionals to represent RE/MAX as ‘Broker Owner Franchisee’ in Delhi and NCR. Elaborating on the need of the market Sam Chopra, Director, RE/MAX informs, “An organised and reliable advisor and not to fly-by-night operator, a one-stop shop and not the hassles of wandering from shop-to-shop, a professional brand and not an uncouth part timer, a world class service experience and not a nervous negotiation, value at no price and not a price for no-value are some of the things, which the market needs today.”
Highlighting the financial growth for franchisee Chopra said that there are four core revenue generation channels for the aspiring franchisees, brokerage transactions, value added services, monthly desk fee, and annual license fee.
The RE/MAX business model promotes maximum commission for RE/MAX real estate agents and franchisees; therefore 81 per cent amount of brokerage commission is retained at the franchisee - agent level.
RE/MAX has over 1 lakh associates, 7,000 offices in 80 countries across the globe, and over 100 offices across India. Also, RE/MAX India has selected the ‘GryphTech Integrated Real Estate Management Platform’ to manage their operations at the regional, office and agent levels. It is further going to implement the multi-lingual, multi-site solution across their entire network over the next two months.
Chopra further informs, “We are working on institutional franchising to tie up with banks, insurance companies, mutual funds, stock brokers as franchise parties like FIHL. We also have plans to recruit 60,000 people in the next five years in our 1000 offices across India during this period.”
RE/MAX is shortly setting up RE/MAX Academy across India in cities like Delhi, Bhopal, Ahmedabad, Hyderabad to train people in the real estate.