Last Updated on July 24, 2012 by DeanR
Commission Express Franchise
Commission Express is a franchise for a company that helps cash commissions to reach real estate agents and brokers. It was founded in 1992 in Washington, D.C. by two real estate brokers.
They realized the need to fix the cash flow of commissions of real estate professionals to help them achieve their dreams and build their businesses. Agents and brokers had marketable accounts receivable but unsettled sales commissions.
The founders purchased the accounts receivable which is known as factoring. For five years, they developed the computer database, protocols, reports, and forms which is now the basis of the current system of Commission Express. They became popular and started franchising in 1996. They now have locations in most of the major metropolitan areas. A few of the companies that they now service are Realty Executives, Long and Foster, Keller Williams, Coldwell Banker, Century 21, Exit Realty, ERA, Prudential, Weichert, and Re/Max.
What services do they offer?
They have local and personal service, online application process, reliable cash flow, Free 30 Day Grace Period from Projected Settlement Date, and Funding in two days. When you avail of their service, you will be able to project your monthly income, practice responsible cash flow management, pay estimated taxes on time, schedule marketing and advertising, maintain a high business credit rating, and control your cash flow rather than the cash flow controlling you.
Costs and Requirements Associated with Running a Commission Express Franchise
You need to have a total liquid asset of at least $93,000 to $213,000. Expect to be investing about $112,000 to $292,000. Franchise fee is $20,000 to $40,000 with an on-going royalty fee of 4.5% to 9%. This is for a renewable 10 year term agreement. This business can be run from home and you need only one employee to operate one location. 15% of current franchisees own more than one location. They do not allow absentee ownership.
What’s included in the Commission Express Franchise Package?
There will be one week training at the headquarters, one week at your location, and an annual training of three days. Training includes Intuit QuickBooks Accounting, Internet Based Operating System, Operation Techniques, Ongoing Business Research and Advice, Updated Operating Documents, Hands-on Computer Processing, Effective Marketing Plan, Special Request Training, Customer Advertising Materials, Content Management System on Website, and Effective Marketing Plan. Also included in the package are the internet based operating system, choice of protected or open market territory, defined marketing techniques, and state licensed customers. You will be receiving newsletters, attend meetings, given a toll-free number, occasional field evaluations, and access to purchasing cooperatives. For marketing, there will be co-op advertising, ad slicks, regional advertising, national media, and trade shows.
Contact Details
You May Reach Them At:
Address: 8306 Professional Hill Drive, Fairfax, VA 22031
Phone Number: 888-560-5501
Fax Number: 703-560-5502