Remax scouting for franchisee partners
The Denver (US)-based real estate brokerage firm Remax brings its franchisee model into India and is scouting for partners. The company, which has over 7,000 offices and presence in 80 countries, announced the launch of Remax operations in Andhra Pradesh through a franchisee partner with base in Hyderabad.
The Chairman and Managing Director of Remax India, Mr Samir Chopra, said that the company through its partners and franchisees plans to play the role of a facilitator for people scouting for properties, both commercial and residential. This is an extremely well organised business in other markets. “The day is not far away, when real estate brokerage will also become well organised in India,” he explained.
Addressing a press conference , Mr Chopra said that the company may also consider property management services in India as it provides in other markets in the long run. The licensing model for brokerages works well as it is mutually beneficial. This is based on revenue share with maximum returns for the local agent of the franchisee.
The US company is in the process of negotiations for franchisees . “In Andhra Pradesh alone, we will have about 8-10 franchisees in major towns in the State. We expect to commence transactions from June,” Mr A. Balajee Kumar, Regional Director, said.
Tags:Real Estate Franchise,licensing model,
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