Rapid Realty: Mastering the Art of Franchising At Its Best

The New York Real Estate Journal (NYREJ)  has named Rapid Realty, one of the fastest growing real estate firms in New York, its company of the month. The honor came on the heels of our  company’s recent FLO (Franchise Leaders Only) weekend.

FLO was a company-wide event that, NYREJ describes as “… an intensive three-day training and team building conference, an opportunity to introduce new initiatives and set new goals,” as well as “a celebration of Rapid Realty’s incredible growth over the last few years”.

That growth has included over 50 offices under the franchise umbrella including one slated to open in Boston, as well as a number of partnerships with firms like BHG (a New York based cleaning service), Carpingo (New York City based carshare) and Suite Protector (specializing in apartment insurance). These partnerships were established to round out Rapid’s services and make us a one-stop-shop for real estate services.

The NYREJ recognition comes as we seek  to expand to other territories across the country and are currently scouting locations as far as the West coast. With over 500 agents covering the New York tri-state area, outward expansion is  inevitable.

We credit our expansion in no small part to the relatively low cost for franchisees to open their own shops. As far as the franchise model goes, Rapid Realty costs roughly a fifth of what it would cost to open a popular food franchise. In addition, they are much easier and cheaper to operate since there is no on-site inventory to purchase, track or maintain.

In the end, I think I described it best when I said,”One of the great things about Rapid Realty is that there’s so much training and so much support from the moment you join that you can come in with no prior real estate experience and be running your own Rapid franchise in less than a year. We’ve made it so easy to get involved to whatever degree you want, whether you’re looking for part time work, a steady job or a life long career.

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