EXECUTIVE SUMMARY
The project comprises of the structure ,functioning and marketing of a real estate brokerage company called RE/MAX.The company was started by Dave Liniger in U.S. and follows the franchise system. Re/max is derived from words ’Real estate’ and ‘maximum’ which refer to maximum satisfaction of clients, agents, and franchise owners. Re/max India is an initiative of Mr. Samir Chopra in order to organize the scattered system of real estate in India. In India brokers as sole proprietors make the transactions happen within their reach. In India there is no specific training given to people to who trade in this industry. But,at Re/max which is an established global brand across 100+ countries there is an advantage that a broker sitting
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At RE/MAX, agents share office overheads, pay desk fee, and in return receive extensive real estate services.
ORGANISATIONAL STRUCTURE OF RE/MAX
• 1.RE/MAX International: RE/MAX International is an American international real estate company that relies on a franchise system. The RE/MAX franchise network is described as "a global real estate system of franchisee owned and operated offices and their affiliated independent professionals" .It sells its brandname across various countries and earns a desk fee and a nominal portion of the commission of sale of transactions.
• 2.RE/MAX India : RE/MAX India is the master franchise holder for the whole country which allows the country to open RE/MAX offices in India and operate as a large network of people across borders.
• 3.Regional Owners: The regional owners control the functioning of RE/MAX offices in the region. They strive towards spreading RE/MAX as a brand in various areas within their region. They work towards widening the reach of RE/MAX as a
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There are Banner Ads on different pages of the website and the Ad charges vary depending on the page and time duration.The AD banners could be on different pages:
1. Home Page
2. Listings search page
3. Agent and office search page
4. Contact us page
5. Property listing page(on every listing)
6. Social media page
7. Regional micro-sites page
The business model of Re/max india
The 100% Model
The 100% commission concept allows the office to retain 100% of the commission that it generates. That is why it was always referred to as the ‘100% commission company’ as it allowed everyone to retain the commission that they generated.
With a fixed monthly fee per office, RE/MAX allows you to :
» Be associated with a global brand
» Provide a scalable and sustainable business model
» Best in class training programs
» Increase your local, national and global network
» World-class technology platform
» Independence to do your business the way you want The new and updated RE/MAX model allows you to keep 100% of the commission with the office even in
services that cater to the customer’s unique needs. They offer both their commercial and residential
an active instead of a passive role in his relationship with the client. Due to budget constraints, the
there is a greater financial security than with the solo practices. The pay includes salary and
"Real Estate Agents and Brokers." Encyclopedia of Careers and Vocational Guidance. 15th ed. Vol. 5. Chicago: Ferguson's, 2010. 235-44. Print. Ferguson's.
This paper is written to provide a reasonably comprehensive overview of Section 1031 of the IRC as it pertains to real estate transactions, and to offer some thoughts on the wealth-creation advantages that 1031 Exchanges offer.
The group has extensive global network of over 48 offices covering about 32 countries and territories around the world. The group's network extends outside Asia and into other markets like North America, Europe and South Africa. The group sources from around 10,000 internal supplies. Global network enables the group to source its goods from various locations and distribute it in different countries mitigating its exposure to any particular economy.
Wide market - They covers a large market in whole Canada domestically and as well as they cover international market as well.
Its organisational structure is quite simple. The company is headquartered in Austria (Fuschl am See) and it has a regional head office in each country that it operates in. It adapts the global sales and marketing directives from its head office to the local consumer and market.
The boom in the real estate industry in almost all regions of the U.S. has resulted in a countless number of real estate players in the market. Buying/selling a property is a huge life-changing decision and you definitely want a competent Realtor to help you through the complex process. A capable real estate agent acts as a liaison between two parties. His/her rich experience, local knowledge, and negotiation skills will go a long way in saving your precious time, effort, and money.
Each company has a specific set of operational procedures for how their office or location runs; these can include...
There are many papers which argue what market structure real estate agencies fall under. Coiacetto (2006, 1, Online) argues “that it is not necessarily a competitive industry and, in some instances, can be highly oligopolistic.”
Product Franchise: Manufacturers use the product franchise to govern how a retailer distributes their product. The manufacturer grants a store owner the authority to distribute goods by the manufacturer and allows the owner to use the name and trademark owned by the manufacturer. The store owner must pay a fee or purchase a minimum inventory of stock in return for these rights. An example of this type of franchise is a tire store.
The remuneration committee needs a clear mandate. The mandate should define the overall purpose and objectives of the committee. It should provide a clear understanding of the roles and responsibilities of the committee. It should set out the requirements for its composition, meeting procedures, delegations of authority and the evaluation of its effectiveness. The mandate should be reviewed periodically to ensure that the remuneration committee’s objectives are being met. The mandate should be also be amended when necessary to adjust to the changing needs of the business.
Real estate is a fixed, tangible and immovable asset in form of houses or commercial property (Seldin & Richard 1985). Real estate market involves developing, renting, selling/purchasing and renovating of these assets (houses). Market participants includes developers (contractors, engineers, and so on), facilitators (mortgage companies, real estate brokers, banks, management agents and so on), owners, renters (leasers) and renovators (Seldin & Richard 1985). Like other economic markets, real estate markets have internal and external forces that make impacts in the market (Seldin & Richard 1985).
This structure is streamlined – it allows them to make decisions quickly, and ensures that they execute their strategy and provide exceptional client service wherever in the world their clients do business. The Global Executive is their highest management body and focuses on strategy, execution and operations. Its membership brings together all the elements of their global organization, including the leaders of their geographic Areas and service lines.