HomeSmart

The HomeSmart franchise is a real estate brokerage that combines real estate concepts with a technological and innovative approach. It was founded in In 2000 by Matt Widdows, who believed that supporting real estate agents in their day to day business needs has left the industry behind in systems and technology. Since the company began franchising in 2005, it has grown to almost 200 locations across the U.S. To grow your brokerage, the franchise offers centralized career services. This includes offering calls, emails, and schedules appointments on your behalf, meaning that you can put your time and energy in other areas to accelerate growth. 

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HomeSmart Franchise Cost and Requirements for 2022

Background

Are you looking to invest in a real estate brokerage that will combine real estate concepts with innovation and technology? If so, then the HomeSmart franchise could be for you. The franchise was founded in 2000 by Matt Widdows, who believed that supporting real estate agents in their day to day business needs has left the industry behind in systems and technology. Since the company began franchising in 2005, it has grown to almost 200 locations across the U.S. To grow your brokerage, the franchise offers centralized career services. This includes offering calls, emails, and schedules appointments on your behalf, meaning that you can put your time and energy in other areas to accelerate growth. The brand's systems minimize redundancies to make life easier for both the brokerage and the agent.   
The franchise provides the franchise owner with an initial training program that consists of virtual and classroom instruction. This is called HomeSmart University,  which also has a KickStart program that is designed for new licensees. Additionally, franchise owners can expect the franchise to provide them with site selection assistance,  marketing tools, and will be there for them during their entire time with the company. There are also podcasts, webinars, guides, and more to help you run the business properly and keep up with the industry's best practices. You will be provided with selling tools, which will help you sell properties efficiently and quickly; its listing tools will allow you to effectively market your current listings; and agent tools that will help you stay ahead of the competition.

Company Details

Founded: 2000
First Franchise: 2005
Headquarters: Scottsdale, Arizona
Canada: No
International: No 
Exclusive territories: Yes

Support and Training Offered By HomeSmart

The franchise provides the franchise owner with an initial training program that consists of virtual and classroom instruction. Additionally, franchise owners can expect site selection assistance,  provide you with marketing tools, and will be there for you during your entire time with the company.  There are also podcasts, webinars, guides, and more to help you run the business properly and keep up with the industry's best practices.  

2022 Franchise Requirements Needed to Own a HomeSmart Franchise.

What does a HomeSmart Franchise Cost?

HomeSmart franchise fees for 2022:

Ad Royalty Fee: 4%
Initial Franchise fee: $20,000
Initial Investment: $65,500 - $205,000
Veteran Incentives: Yes
Financing Options: Yes
Net Worth Requirement: $150,000

Is HomeSmart a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. HomeSmart is a semi absentee franchise and allows passive ownership. A semi-absentee franchise is a business you could start and run while still maintaining a job or other obligation.

Is HomeSmart a Home Based franchise?

No. HomeSmart is not a home based franchise opportunity.

What Do HomeSmart Franchise Owners Make?

Click here to find out how much HomeSmart franchisees make. HomeSmart offers an Item 19 in their Franchise Disclosure Document which provides financial information about select franchisees in their franchise system.

Is HomeSmart Looking for Franchisees in Canada?

No. HomeSmart franchise is not looking for Canada franchisees.

Is HomeSmart Looking for International franchisees?

No. HomeSmart franchise is not looking for International franchisees.

Additional Information

Additional Categories

Real Estate, Non Food Franchises

Number of Units Open

100+ UNITS

Cash Required

$100,000 - $250,000

Passive Franchise

Yes

Home Based Franchise

No

Item 19 Franchise

Yes

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

HomeSmart Franchises for Sale

Click Here to inquire about existing HomeSmart franchises for sale. We may have HomeSmart franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

The International Franchise Professionals Group (IFPG) is an internationally recognized membership-based franchise organization. IFPG Franchise Consultants guide aspiring business owners through the process of identifying and investing in franchise businesses. The IFPG represents more than 550 franchises. We do not represent all franchises listed here. By clicking on "Request a Consultation," you are agreeing to be contacted by one of our Certified Franchise Consultants to discuss franchise ownership.

About our rankings: The IFPG uses its internal data collected from our membership portal to identify which franchises had the most activity in the past week. This ranking system is not based on franchise sales, franchisee success rates or number of units open. Our ranking system should not be used to make a decision on which franchise to buy it was solely created for internal purposes and for our IFPG Members.