Is Russell Real Estate Services a franchise or part of a franchise?
A. Russell Real Estate Services is not part of any franchise. WDTMTM? Many of the brokers nationwide and in this area are part of a franchise. Some of the most common franchises are Century 21, Realty World, RE/MAX, Weichert, ERA, Keller Williams, Coldwell Banker, Howard Hannah, Real Living. The list goes on and on. Most of these organizations charge a fee to the broker just to use the franchise name. They also charge “franchise fee” and/or a “national advertising fee” on every sale the broker has. These fees range anywhere between 5% and 8%. These fees are usually shared with the agents that work for the broker. So when a broker who is part of a franchise offers you a commission split of 50.0%. , you’re actually earning about 46.0%. Russell Real Estate Services DOES NOT HAVE OR CHARGE ANY FRANCHISE FEES.
