HOW LONG IS THE FRANCHISE AGREEMENT? CAN I RENEW IT?The current initial term of the standard Franchise Agreement is 10 years. At the end of 10 years, renewal terms are available. Each renewal term is 10 years.
HOW MUCH CAN I EXPECT TO EARN?
Your earnings capability will depend on a number of factors—such as your location, the amount of time you spend in the business, your sales acumen, your ability to recruit agents, as well as the local real estate market conditions. Naturally, as in any business venture there is no guarantee of your success or profitability. We do, however, give you the benefit of a well-organized and proven concept, refined by our many years of experience.
HOW MUCH ARE THE ONGOING FEES?
There is a $500 fixed monthly Brand and Technology Fee. Fixed transaction fees range from $200.00 to $400.00 depending on market. Fixed rental fees range from $75.00 to $150.00 depending on market.
OTHER THAN THE ROYALTY (Transaction) AND BRAND/TECHNOLOGY FEES, ARE THERE ANY OTHER “HIDDEN” FEES THAT I WOULD PAY?
No. There may be fees associated with annual conventions or additional training. Any such fees are clearly identified in the Franchise Disclosure Document and our Operations Manuals.
CAN I BE A PASSIVE OWNER/INVESTOR OF A CASA LATINO FRANCHISE?Not initially. We have found it is very important for you to be involved in the business full time. Of course, as your business matures and your staff develops, you may have great flexibility in your operational role.
DOES CASA LATINO ASSIST ME IN FINDING A LOCATION AND NEGOTIATING A LEASE?Yes. CASA LATINO provides extensive site selection support and analysis. This includes market and demographic analysis, broker coordination, site analysis, site evaluations, lease review and negotiation assistance, etc.
DOES CASA LATINO OFFER EXCLUSIVE TERRITORIES?Yes. CASA LATINO knows it is important to recognize established client relationships. As such, we typically award territories with a minimum of a two mile radius, except in very densly populated and diverse communities. In many cases the protected territory will actually span many miles and will encompass certain real estate related boundaries such as MLS territory, zones, counties, etc. We determine exclusive territories on a case by case basis, dependant mostly upon the market. Once we have agreed on the territory for your office, you have the peace of mind, that CASA LATINO cannot award another CASA LATINO location in your territory for the term of your Franchise Agreement.
HOW LONG AFTER I SIGN A FRANCHISE AGREEMENT, BEFORE MY NEW CASA LATINO OFFICE WILL BE OPEN?It depends on various factors (lease negotiations, permitting, financing, FRANCHISEE/BROKER ORIENTATION, office set up time, etc.) but on average you will be expected to open within 90 days after signing a Franchise Agreement.
HOW MUCH IS THE INITIAL FRANCHISE FEE AND WHAT DO I GET FOR IT?
The initial franchise fee is $15,000 and includes the following:
~ Use of the Casa Latino brand name and image; America’s Leading Latino Real Estate Brand.
~ Trademarked Logos and Branded Materials.
~ On site Franchisee/Broker Orientation.
~ Grand Opening Consultation.
~ Website technology for all agents in your office.
~ Site selection and lease negotiation assistance.
~ Complete Operations and Management Manuals.
~ Exclusive territory.
~ Use of our state of the art online Franchise Management System.
~ Agent Recruitment Assistance.
~ Advertising and Marketing Guidance.
~ Forms Library.
~ Preferred Vendor Network.
~ One-on-one Coaching and Mentoring programs.
~ Unrivaled Support from Headquarters.
~ Unique and Lucrative Compensation Models.
~ A team of dedicated real estate professionals to ensure your success.
