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1st Class Real Estate

1st Class has become one of the fastest-growing models in the real estate industry by having the first and only Virtual Real Estate Franchise model. This is a skinny business model that does not require you to have office space or hire employees so you can rapidly grow your business and operate with little to no overhead. 1st Class has the software, systems, procedures, and support staff in place for everything that you need to be successful.

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1st Class Real Estate Franchise Cost and Requirements for 2024

Background

1st Class has become one of the fastest-growing models in the real estate industry by having the first and only Virtual Real Estate Franchise model. This is a skinny business model that does not require you to have office space or hire employees so you can rapidly grow your business and operate with little to no overhead. 1st Class has the software, systems, procedures, and support staff in place for everything that you need to be successful.

1st Class Real Estate has set up an infrastructure to support a new entrepreneur at a very low-cost/low-risk approach to grow to being able to start their own real estate business! We have the software, systems, procedures, and PEOPLE in place for every process you can think of including office operations, staff procedures, lead generation, marketing, branding, closing coordination, inside sales agents, agent training, and more! We are here to support a new entrepreneur every step of the way!

1st Class Real Estate was started with one goal in mind - to change lives. Here at 1st Class Real Estate, our mission statement is "Changing lives and selling a few homes along the way".

Company Details

Established: 2012
First Unit Franchised: 2018
Franchised Units: 57
Company Owned Units: 3
States Registered In: Alabama - AL, Alaska - AK, Arizona - AZ, Arkansas - AR, California - CA, Colorado - CO, Connecticut - CT, Delaware - DE, Florida - FL, Georgia - GA, Illinois - IL, Indiana - IN, Iowa - IA, Kansas - KS, Kentucky - KY, Louisiana - LA, Maine - ME, Maryland - MD, Massachusetts - MA, Michigan - MI, Minnesota - MN, Mississippi - MS, Missouri - MO, Montana - MT, Nebraska - NE, Nevada - NV, New Hampshire - NH, New Jersey - NJ, New Mexico - NM, North Carolina - NC, Ohio - OH, Oklahoma - OK, Oregon - OR, Pennsylvania - PA, South Carolina - SC, Tennessee - TN, Texas - TX, Utah - UT Vermont - VT, Virginia - VA, West Virginia - WV, Wisconsin - WI, Wyoming - WY
Canada Franchises: No
International Franchises: No

Support and Training Offered By 1st Class Real Estate

Financial Assistance Provided: Yes
Site Selection Assistance: Yes
Lease Negotiation Assistance: Yes
Recruiting Assistance: Yes
Cooperative Advertising: Yes

The following Instructors teach our initial training program: Rhyan Finch, our Chief Executive  Officer, has over 15 years of experience in real estate and 9 years of experience with us or an  affiliate. Herbert ("Buddy") Buchner, our VP of Franchise Development, has 3 years of experience  in the field and 3 years of experience with us or an affiliate. Alexis Gentry, our Digital Marketing  Manager, has over 7 years of experience in the field and 7 years of experience with us or an affiliate. Guest Instructors may also make select presentations.  

We offer initial training online, so they are available on demand anytime. 

We use online learning modules to conduct initial training. 

You must pay to us an initial training fee of $950. The initial training fee covers training for you  and any Branch Operations Manager and Principal Broker required to attend. We recommend that  your branch office administrator and expansion team leader attend training. You are responsible  for any travel, lodging, transportation, meals, and your employees' wages to attend initial training.  

We require that your Branch Operations Manager and Principal Broker attend initial training. The  Branch Operations Manager and Principal Broker may be the same individual. Successful completion of initial training is required to operate a franchise within 60 days of signing the franchise agreement. We advise you during or immediately after initial training if you have  successfully completed the course. 

Additional Training or Seminars - We may elect to offer and require you to attend, either live or  electronically, additional training and seminars we may offer.  

2024 Franchise Requirements Needed to Own a 1st Class Real Estate Franchise.

What does a 1st Class Real Estate Franchise Cost?

1st Class Real Estate franchise fees for 2024:

Cash Investment: $12,500 - $210,000
Total Investment: $32,220 - $209,275
Minimum Net Worth: $100,000
Franchise Fee: $25,000
Royalty: We charge technology fee $50 per user and transaction fee $200 per transaction
Ad: Currently we are not charging that
Item 19: No
Average Number of Employees: 1
Visa Candidates: No
Passive Ownership: Yes
Home-Based: Yes they can do a virtual office
B2B: No
Master Franchise Opportunities: Yes
Veteran Discount: No

Is 1st Class Real Estate a Semi Absentee Franchise with a Passive Ownership Opportunity?

Yes. 1st Class Real Estate 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 1st Class Real Estate a Home Based franchise?

Yes. 1st Class Real Estate is a home based franchise opportunity.

What Do 1st Class Real Estate Franchise Owners Make?

This information is not available. 1st Class Real Estate does not offer an Item 19 in their Franchise Disclosure Document.

Is 1st Class Real Estate a Master Franchise Opportunity?

Yes. 1st Class Real Estate is a master franchise opportunity. A master franchisee is responsible to recruit, train and support franchisees in their territory.

Does 1st Class Real Estate Offer a Veteran Discount?

No. 1st Class Real Estate franchise does not offer a veteran discount.

Does 1st Class Real Estate Work with E2 Visa and EB-5 Visa Candidates?

No. 1st Class Real Estate franchise does not work with E2 Visa and EB-5 Visa candidates.

Is 1st Class Real Estate Looking for Franchisees in Canada?

No. 1st Class Real Estate franchise is not looking for Canada franchisees.

Is 1st Class Real Estate Looking for International franchisees?

No. 1st Class Real Estate franchise is not looking for International franchisees.

Where can I see 1st Class Real Estate's FDD (Franchise Disclosure Document)?

Buying a Franchise Guide: What is a Franchise Disclosure Document?

When evaluating a franchise opportunity, reading and understanding the current version of their FDD is a necessity. Considering the benefits of franchising, such as established brand recognition and support from the franchisor, it's important to also take into account franchise fees and franchising royalty fees. Since most franchisors are privately owned companies, the current versions of their FDDs are typically not available unless requested directly from them.

Click here to connect with a Franchise Consultant who can help you obtain a copy quickly and for free. They can also guide you through the essential franchise questions to ask, ensuring you make a well-informed decision about your investment.

Additional Information

Additional Categories

Real Estate, Non Food Franchises

Number of Units Open

50-100 UNITS

Cash Required

Less than $25,000

Master Franchise

Yes

Passive Franchise

Yes

Home Based Franchise

Yes

Item 19 Franchise

No

Veteran Discount

No

B2B

No

Franchise Opportunities in Canada

No

International Franchise Opportunities

No

E2 Visa Franchise

No

1st Class Real Estate Franchises for Sale

Click Here to inquire about existing 1st Class Real Estate franchises for sale. We may have 1st Class Real Estate franchise resales. A franchise resale is an already established franchise owned by a franchisee and the franchisee is looking to sell their franchise.

Franchises Similar to 1st Class Real Estate

Property Management, Eye On Your Home Second Home Property Management, HouseFix, Real Property Management, HouseMaster, The BrickKicker, Decorating Den Interiors, Century 21, RE/MAX, Berkshire Hathaway HomeServices, Keller Williams, NextHome, HomeSmart, Vegan Fine Foods, BrightStar Care Homes, Casago, TrueNest Property Management

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.

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