Opening a RapidRealty franchise is a streamlined process. From getting to know the company to selecting a site to learning how to run a successful RapidRealty office, our franchise team will be with you every step of the way.
the 9 steps in our process:
Learn about RapidRealty
Take a little time to see if RapidRealty is the right fit for you. Get to know us and what makes us unique. Check out these great resources right here on RapidNYC.com:
Use our Request Franchise Information form to get in touch with us. A member of our franchise team will give you a call to discuss the RapidRealty franchising options open to you, your preference for location, your financial needs, and of course, to answer any preliminary questions you might have.
take a franchise tour
After your initial phone call, we’ll set up a franchise tour to fit your schedule. Come and see RapidRealty franchises in action as you enjoy a personal guided tour led by members of our knowledgeable franchise team. You’ll get to meet real RapidRealty franchisees and agents, get a feel for our office layouts and company environment, and learn more about what goes into running a successful RapidRealty franchise.
get our fdd
After the tour, we’ll send you our Franchise Disclosure Document (FDD), which will give you an insider’s look at franchising with RapidRealty.
Franchise regulations state that you must have the FDD for at least 14 calendar days before you can purchase a franchise. This gives you time to review the FDD, discuss any questions with our franchise team, and work on pinning down a location and obtaining any financing you might need.
Get our Franchise Agreement
Once you’re ready to move forward, we’ll send you our Franchise Agreement. This written contract between you and RapidRealty spells out both parties’ obligations to one another. If you’re becoming an area developer, we’ll also send you our Area Developer Agreement (ADA).
In accordance with franchise regulations, you must have the Franchise Agreement (and ADA) for at least 7 days before finalizing the purchase of a franchise. This disclosure period can run concurrently with the 14 day disclosure period for the FDD.
it’s time to sign
After the disclosure periods are over and all your questions have been answered, it’s time to sign your RapidRealty Franchise Agreement. Your initial franchise fee will be due at this time.
Congratulations! You just became a RapidRealty franchisee! Now it’s time to learn the ropes and build out your office.
Our comprehensive Franchisee In Training (FIT) program can be custom-tailored around your schedule, and can be completed in as little as four weeks. During this time, you’ll learn every aspect of owning and operating a RapidRealty franchise.
You’ll receive hands-on instruction and shadow some of RapidRealty’s best and brightest, including top agents and most experienced franchise owners. You’ll also have 24/7 access to a huge wealth of online training materials designed to help you with everything from recruiting a team to bookkeeping.
If you’re new to real estate and want to get your real estate license, we will also assist you in getting a top-quality education and meeting all of your state’s licensing requirements.
Build out your site
While you’re learning everything there is to know about running a RapidRealty office, you’ll also begin the process of putting that office together. Our franchise team will assist you every step of the way, from site selection to negotiating a favorable lease (and who better to help you get a great lease than RapidRealty?) to designing a customized layout and signage to finding the right contractors to make your space look amazing.
Once the final touches are in place, there’s only one thing left to do…
Cut the ribbon
It’s time for your grand opening! Invite your friends and family, and prepare to be joined by members of RapidRealty’s executive team, agents, and your fellow franchisees as you celebrate this exciting moment. Congratulations: your life is about to change forever!
RapidRealty is sweeping across the nation, and we want you to be a part of it! Whether it's a big city or a college town, wherever there's a high turnover rental market, RapidRealty can fit right in. Take a look below for a list of just some of the areas we aim to expand to within the next few years. Don't see your desired territory on the list? Let us know, and with your help, RapidRealty may be coming to a town near you!
AT A GLANCE
Below you'll find a range of costs that go into building out and setting up a new RapidRealty franchise location. The typical start-up costs for a new RapidRealty franchise average approximately $100,000, including the initial franchise fee. However, we have many options are available to meet different budgetary needs. Micro-franchising, purchasing an existing RapidRealty location, or using our Franchise Matchmaker are all great ways to get all the benefits of franchising with Rapid Realty while minimizing costs. See our JOIN section for more.
As a new RapidRealty franchisee, you won't have to go it alone. A member of our dedicated franchise team will be there to help you at every turn. From scouting and site selection to negotiating your lease, from overseeing construction to guiding you through your training, from day one to your grand opening and even beyond--basically from A to Z, you'll have an experienced franchise professional to show you the way.
- Doesn’t make a lot of noise?
- Doesn’t require any special equipment that puts a strain on your utilities?
- Doesn’t have any perishable inventory that would attract vermin?
- Doesn’t cook or create anything that would give off unpleasant odors?
- Works in an industry that thrives in tough economies and won’t go out of business in a recession?
- Understands a property owner’s concerns because they work with property owners every day?
- Can actually help you fill any other residential or commercial vacancies you might have?
To submit a site, please fill out the form below.
1. Notice Regarding Franchise Offers and Sales
a. This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. There are approximately 14 countries and 15 US states that regulate the offer and sale of franchises. The countries are Australia, Brazil, Belgium, Canada (provinces of Alberta and Ontario), China, France, Indonesia, Italy, Japan, Malaysia, Mexico, Russia, South Korea, Spain, and the United States of America. The US states are California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states or countries, are receiving this message in one of these states or countries, or intend to operate a franchise in any of these states or countries, we will not offer you a franchise unless and until we have complied with any applicable pre-sale registration and/or disclosure requirements in the applicable jurisdiction.
b. This offering is not an offering of a franchise. In New York (USA), an offering of a franchise can only be made by a prospectus that has been previously filed and registered with the Department of Law of the State of New York. The application for registration of an offering prospectus or the acceptance and filing thereof by the Department of Law as required by the New York law does not constitute approval of the offering or the sale of such franchise by the Department of Law or the attorney general of New York.
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