Frequently Asked Questions
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Only you can answer that but, if you have had sustainable success in real estate, have the desire to lead and coach others, and are ready to be your own boss, this is the next logical career step. Each RE/MAX office is independently owned and operated.
An active Illinois Managing Broker’s license is required to operate a RE/MAX Franchise in this region. If you are not a Managing Broker and will not be eligible to obtain a Managing Broker's license prior to your Franchise opening, you must hire an active Illinois Managing Broker to run your business. For more information on what is needed to acquire your Managing Broker license please visit the Illinois Association of Realtors site.
5 Years. You may renew your agreement every 5 years thereafter providing your franchise meets required standards as approved by RE/MAX Northern Illinois region office.
The RE/MAX Northern Illinois region is comprised of low and high density markets so the initial investment varies from $13,500 to $25,000 dependent upon location. After the initial purchase, monthly franchise fees will be required and will be based on the number of Broker Associates on your roster.
Within 30 days of executing the Franchise agreement, you and your Managing Broker, if applicable, will attend the RE/MAX Broker 101 week at the RE/MAX LLC world headquarters in Denver. This week is an extensive and dynamic series of educational sessions on all key categories of franchise ownership: business objectives, financial planning, recruiting, branding and marketing, and office set up and staffing. You will also have ongoing Broker/Owner training and development opportunities through the life of your RE/MAX franchise ownership at the regional, national, and international level.
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