Question 1

How much does it cost to open a Engel & Völkers Residential Real Estate Brokerage franchise?

Accepted Answer

The total initial investment for a Engel & Völkers Residential Real Estate Brokerage franchise ranges from $92K to $424K, according to the latest Franchise Disclosure Document (FDD).

Question 2

What is the Engel & Völkers Residential Real Estate Brokerage franchise fee?

Accepted Answer

The initial franchise fee for Engel & Völkers Residential Real Estate Brokerage is $35K.

Question 3

What are the net worth requirements for a Engel & Völkers Residential Real Estate Brokerage franchise?

Accepted Answer

Net worth requirements for Engel & Völkers Residential Real Estate Brokerage are specified in the Franchise Disclosure Document.

Question 4

Does Engel & Völkers Residential Real Estate Brokerage require a personal guarantee?

Accepted Answer

Yes, Engel & Völkers Residential Real Estate Brokerage requires a personal guarantee from franchisees. A spousal guarantee is also required.

Question 5

What equipment and inventory costs are involved with a Engel & Völkers Residential Real Estate Brokerage franchise?

Accepted Answer

Equipment costs for a Engel & Völkers Residential Real Estate Brokerage franchise range from $15K to $120K.