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NAR Statistics Show Which Franchise Is The Fastest Growing Franchise! Wow!

By
Real Estate Agent with EXIT REALTY BEND

WHO IS GROWING IN REAL ESTATE FRANCHISING?

 

I recently took a few minutes to read through a recent National Association of Realtors comparison study of residential real estate franchises.  The numbers were a bit surprising, although I had a feeling of what is happening in the real estate business and the growth of franchises in America.

You see, I am a franchise owner and principal broker of EXIT REALTY BEND, located in Bend, Oregon.  My company opened just 21 months ago.  Perhaps like you, I had the option to open an independent office or choose any one of some two dozen real estate franchises. I selected EXIT because I saw the numbers.  I made dozens of calls and talked to many agents and owners. I investigated the numbers and the claims....and I made EXIT my selection.

Over the past couple of years I have seen many attacks from AR members on the credibility of EXIT'S proven "Formula" system.  Some AR members seem to be incensed by the numbers and the EXIT system, but I believe the growth of EXIT speaks for itself....so....what are he numbers and who really is the fastest growing real estate franchise in America?

I ran the numbers several different ways...but the results were always the same.... but let's look at my search of company growth from 2005 to 2008. Fair enough?  NAR shows that membership in NAR has grown by only 1% since 2005 from 1,265,367 members to 1,338,001 in 2008.  Some franchises have actually lost numbers over this period and really, only two stand out of the 28 largest companies listed, as contending for the fastest growing real estate franchise....and one of the two is the clear champion.

But before the crowning of the champion, let's look at some of the numbers of the largest real estate franchises and tell you how long they have been around.  At #1 is Century 21 (1972) with 143,810 agents with 8,391 offices, #2 is ReMax International (1976) with 120,520 agents and 6898 offices, #3 is
Coldwell Banker (1981) with 120,140 agents and 3786 offices, #4 is Prudential (1988) with 68,000 agents and 2100 offices, #5 is Keller Williams (1991) with 74,469 agents and 657 offices and #6 in EXIT (1999) with 40,000 agents and 1400 offices in North America.

We now know the 6 largest offices...but who wins the prize for the fastest growing real estate company in the United States? Who is the true champion?

Consider that Keller Williams had 46,189 agents in 2005 and now have 74,469 agents.  That's about 37%  in growth!  Impressive.  But look at EXIT.  In 2005 EXIT had just 15,000 agents. Today EXIT has exploded to 40,000 agents!  Over this same period EXIT has grown by about 63%!  Most amazing, is that the numbers show that EXIT has grown faster than any other real estate franchise in history!  No real estate franchise has climbed the ladder so quickly!

EXIT is now larger than many of the most respected franchises in the business including Realty Executives, Weichert, Help-U-Sell, Assist-2-Sell, Windermere, John L. Scott, ERA, GMAC and Sothebys....and it appears that EXIT'S growth shows no slowing down! 

Obviously, EXIT has done this by offering Realtors a proven system.  Those who question the opportunity EXIT provides for it's agents to earn income through sponsoring residuals need to listen and learn before making silly assertions of multi-level market methods that (they say) EXIT uses to empower their agents.  This is nonsense. To those agents, I welcome the opportunity to show you my single-level residual income checks and to honestly show you why EXIT may be a better place for you to practice real estate and grow your business.

I welcome the opportunity to speak to any agent about the opportunities EXIT offers you.  This can all be done in confidence and outside your market area to guarantee you total privacy.  Feel free to contact me by email at mazz@PropertiesInBend.com or by calling me directly at 541-480-8835. 

Jim Mazziotti is the Principal Broker and Franchise Owner of EXIT Realty Bend located at 354 NE Greenwood Avenue, #100, Bend, Oregon 97701.  He has been a licensed Realtor since 1994.

 

 

Bill Gillhespy
16 Sunview Blvd - Fort Myers Beach, FL
Fort Myers Beach Realtor, Fort Myers Beach Agent - Homes & Condos

Evening Jim,  And congratulations on your own office and choice of business models.  I also looked at the numbers you offer and only point out that the growth rate of smaller brands is not really comparable to larger brands.  To me, it would be of greater interest to learn about the policies and programs than see gaudy stats.  Its a little like telling me the list price instead of how great the listing is.  Thanks for your input.

Aug 16, 2008 12:00 PM
Margaret Woda
Long & Foster Real Estate, Inc. - Crofton, MD
Maryland Real Estate & Military Relocation

Congratulations to Exit Realty!  We have many excellent broker-owners of Exit franchises in our area.

Aug 16, 2008 12:02 PM
Vickie McCartney
Maverick Realty - Owensboro, KY
Broker, Real Estate Agent Owensboro KY

Jim~ Glad you are happy with Exit.  I think that certain areas fare better than others.  I think they are a good choice of a Franchise.  I guess it just depends on what you are looking for when deciding to go with a franchise. 

Aug 16, 2008 12:27 PM
Anonymous
Thomas

Congrats

Thomas

www.realtyexecutivescentralamerica.com

Sep 04, 2008 11:31 AM
#4
DeAndrea "Dee Dee" Jones
Samson Properties - Manassas, VA
DMVRealEstateChick

Sounds good, I have researched Exit business model and it looks good.  I have tried to compare it to others and It seems like you get a great bang for your buck. I have been trying to do a study on independent firms vs a franchise.

Feb 09, 2009 04:39 AM
Art Ramsey
Seattle, WA

For those with REALTOR designations ...

Did NAR disclose to you before you took the class that you would need to pay them every year to rent your designation? Did they disclose to you how much the annual renewal would be before you took the class? We are talking ethics here, are we not? 

No one I know with a designation knew about these extra fees. Where is the ethics?

Why would NAR fail to disclose annual fees as they advertise these designations?

Please email me with your problems iwth NAR.       Seattlebroker1@aol.com

Demand your refund today!

Thanks!

Mar 03, 2010 12:44 AM