Weichert is a real estate brokerage known for its full-service approach to buying, selling, and renting properties, providing clients with comprehensive support and resources to navigate the real estate market effectively.
KEY FRANCHISE STATS
Franchisees
?
297
+
-9%
-9%
Franchise fee
?
$25,000
Investment
?
$77,000 - $360,000
Revenue (AUV)
?
Undisclosed
$0
+
n.a.
n.a.
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Founded in 1969 by Jim Weichert in Chatham, New Jersey, Weichert, Realtors has grown from a single office into one of the nation’s most recognized names in real estate. The company is now headquartered in Morris Plains, New Jersey, and has expanded its services nationwide. In 2001, Weichert began offering franchise opportunities through Weichert Real Estate Affiliates, Inc., with its first franchised office opening in 2002.
Weichert provides a wide array of services that go beyond traditional residential and commercial real estate transactions. The brand offers integrated support in mortgages, home and title insurance, and other related services, creating a seamless experience for both buyers and sellers. This full-service model helps clients navigate the complexities of real estate with ease and confidence.
What truly sets Weichert apart is its “one-stop shop” approach, which combines multiple real estate-related services under one umbrella. This integrated model streamlines the transaction process and saves clients time and effort.
Initial investment
The initial investment required for a Weichert franchise is
$77,000 - $360,000.
That is the total cost you would need to finance if you were to start this franchise.
These costs are provided by the franchisor in the Franchise Disclosure Document.
Weichert® provides a comprehensive training program to franchisees to ensure they are well-prepared to operate a successful real estate business. The training offered by the Franchisor includes the following:
Initial Training Program The franchisee (if an individual) or the Business Manager (if a business entity) must attend and satisfactorily complete the Initial Training Program at the Weichert Leadership Academy. This program includes both classroom instruction and materials. The franchise fee covers transportation, lodging, meals, and training materials for four nights. The program covers Weichert's business philosophy, recruiting and retention strategies, listing mastery, marketing, and technology.
Orientation Services After opening, the Franchisor provides 90 days of Orientation Services which may include training, administrative assistance, and consultation. These are designed to help implement the Weichert System and can be provided on-site, off-site, or remotely.
Ongoing Field Support Beyond the initial 90-day period, Weichert may offer additional support services, which can also include training, at locations determined by the Franchisor.
Territory Protection
Weichert® grants franchisees a defined territory but does not offer exclusive territorial protection. The franchisor and its affiliates reserve the right to operate or license other businesses within the territory, particularly for services beyond residential real estate.
Franchisees cannot expand their territory and are not compensated for any competing services Weichert operates in the area. The agreement permits the franchisor to engage in direct or indirect business activities, including online sales, within or near the franchisee's territory.
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