3% Realty is a real estate brokerage offering full-service residential property sales with competitive commission rates. The franchise uses a streamlined system to support agents and clients.
Key Insights
- 3% Realty, Simply Full Service Realty began with a strategic focus on creating sustainable business practices that benefit all stakeholders, including customers, franchisees, and communities, while establishing systems that support long-term growth and operational excellence across multiple markets.
- Service delivery combines comprehensive market knowledge with personalized client attention to provide expert guidance throughout the buying and selling process, utilizing advanced technology and proven marketing strategies to achieve optimal outcomes for all parties involved.
- Market education efforts help consumers understand the value of professional versus amateur service providers, creating opportunities for qualified businesses to demonstrate expertise and build customer relationships through superior service quality and reliable performance.
Franchise Fee and Costs to Open
Exploring the financial picture of 3% Realty, Simply Full Service Realty gives insight into both the upfront commitment and the potential revenue opportunity. According to FDD Item 7, opening this franchise typically involves an investment in the range of $38,700 - $72,450, along with a franchise fee of $36,000 - $36,000.
Financial Performance and Revenue
Training and Resources
3% Realty, Simply Full Service Realty provides comprehensive training for new franchisees. This includes a foundational program designed to equip them with essential operational knowledge. The initial training is approximately two weeks long and is conducted at their corporate office. 3% Realty, Simply Full Service Realty offers ongoing support and resources to assist franchisees in building their businesses.
Legal Considerations
Legal considerations for a 3% Realty, Simply Full Service Realty franchisee are defined by the Franchise Disclosure Document (FDD) and the Franchise Agreement. This franchise does not disclose lawsuits or bankruptcy information in its FDD, but prospective franchisees should still review all terms thoroughly. Consultation with a qualified attorney is essential before making commitments.
Challenges and Risks
Franchisees may encounter local market competition from established brokerages and other discount models. Operational complexity arises from managing agent performance, client acquisition, and transaction coordination efficiently. Reliance on specific technology platforms and marketing partners for lead generation and service delivery is also a consideration.
Franchise Datasheet
FAQs
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