There has never been a crystal ball that allows you to accurately predict the future. This is especially true in the real estate industry. Booms and busts happen, and they are often difficult to anticipate\u2014especially in the era of global pandemics.<\/p>\n\n\n\n
There are some promising signs for the future, particularly for franchises of popular real estate companies. The market is growing, and real estate franchises are growing with it. Continue reading our guide to see what to expect from real estate franchises over the next 10 years.<\/p>\n\n\n\n
Although it is impossible to predict the future, it can be helpful to look to the past when forecasting the future for the real estate franchise industry. The good news is that the best real estate franchises could be looking at continued growth and a larger share of the real estate industry over the next decade.<\/p>\n\n\n\n
Realtor Magazine<\/a> took a close look at the future of real estate franchises in the Fall of 2021. According to the report, the numbers regarding residential real estate franchises were positive. The study shows that since 2019, the percentage of real estate brokerages has shifted slightly away from independent firms and towards franchises. The study reflects that both independently owned franchise companies and subsidiaries of larger franchises have grown by one percent each since 2019.<\/p>\n\n\n\n Overall, the growth seems concentrated toward the larger real estate franchises when it comes to the industry. According to a 2020 report by Business Insider<\/a>, the largest real estate companies increased their market share by nearly 7 percent over the past two years.<\/p>\n\n\n\n The takeaway: there is little reason to believe that real estate franchise opportunities are drying up. Large brands are making up an increasingly large part of the market, and operating a franchise could be a good way to rely on that marketing power to build our own business.<\/p>\n\n\n\n There are already many benefits that come with operating a real estate franchise over starting your own brokerage from scratch. Chief among these benefits is the training, guidance, and support that typically comes with a franchise. Due to a large number of franchises, the bigger real estate companies have streamlined the training process. They often offer a variety of in-person and on-demand training to get a franchise off the ground and make it profitable in short order. In the next 10 years, the training techniques, technology, and on-demand libraries for large franchises will only continue to grow.<\/p>\n\n\n\n <\/p>\n\n\nWhat Are The Future Benefits of Franchising?<\/h2>\n\n\n\n