A real estate franchise is a business model in which a real estate firm, known as the franchisor, grants the rights to its brand, marketing, and business processes to independent entrepreneurs, known as franchisees. These franchisees operate under the established brand name and benefit from the franchisor’s support and guidance.
However, the establishment and operation of real estate franchises are subject to franchise laws, which vary by region and govern the legal aspects of these business arrangements. When entering into a real estate franchise agreement, both real estate franchisees and franchisors must consult with a qualified real estate franchise lawyer who can maximize their chances of success while adhering to legal regulations and agreements.