KEY FRANCHISE STATS
All you need to know about this franchise in a snapshot
1st Class Real Estate is a dynamic and rapidly expanding franchise in the real estate industry, founded by Rhyan Finch in 2012. Originally established in Virginia Beach, Virginia, the company has grown significantly under Finch's leadership, now boasting a presence across multiple states in the U.S.
The franchise began its journey after Finch’s successful career in real estate, where he quickly became an expert in distressed properties during the market downturn. His experience led to the formation of a team that eventually became one of the top-performing groups in the country, which paved the way for the founding of 1st Class Real Estate.
Since its inception, the company has focused on empowering agents through education, technology, and a strong community-oriented culture. The franchise model allows agents to leverage Finch's proven systems and processes, ensuring they can achieve rapid growth and success in their local markets.
Headquartered in Virginia Beach, 1st Class Real Estate started franchising shortly after its founding and has quickly expanded due to its innovative approach and commitment to franchisee success.
Here's what you would need to invest if you were to start this franchise. These costs are provided by the franchisor in the Franchise Disclosure Document.
1st Class Real Estate offers 4 types of franchises:
We are summarizing below the main costs associated with opening a 1st Class Real Estate Standard Model - Start-Up franchie.
For more information on the various types of franchises and its costs, refer to the Franchise Disclosure Document (Item 7).
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96
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The training provided by 1st Class Real Estate Franchise is comprehensive and designed to equip franchisees and their teams with the necessary tools and knowledge to succeed in the competitive real estate market. The training program includes several key components:
1st Class Real Estate franchise does not explicitly offer traditional territory protection to its franchisees. Instead of exclusive territories, the franchise model focuses on providing robust support and resources that allow franchisees to thrive regardless of market density.
This approach is designed to encourage growth and competition within the network, ensuring that all franchisees have access to the tools and support needed to succeed.
By not limiting franchisees to specific territories, 1st Class Real Estate promotes a collaborative environment where agents can operate in various markets, enhancing their ability to scale their businesses.