Christie’s International Real Estate
Bottom line
- Total investment $64K – $443K including a $35K franchise fee, 3.0% ongoing royalty.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 69/100.
- 10 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Christie’s International Real Estate unit return on the cash you put in?
Unlevered ROIC · per unit
42%
In Yale's "attractive" band (30–60%)
Overview
About
Franchisees operate luxury real estate brokerage offices under the Christie's brand, leveraging the auction house's brand equity to sell high-end properties. Day-to-day activities include recruiting and managing licensed agents, marketing premium properties, managing client relationships, and generating transaction volume subject to 3-6% royalties on gross revenues. Franchisees must maintain operational and compliance standards while competing in concentrated luxury markets.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 29 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
A contracting luxury real estate franchise facing significant antitrust and fraud litigation with undisclosed financials, making risk assessment and ROI validation impossible.
Score breakdown · what drove the 69 / 100 rating
- 01MINORSystem contraction of 8.3% YoY (36 units) indicates shrinking franchise network and potential brand deterioration
- 02MINORMultiple class action antitrust lawsuits (Hooper, Burton, Friedman, March, Tuccori, Umpa) suggest systemic compliance issues and reputational risk that could impact agent recruitment and client trust
- 03MINORNo average revenue or net income disclosure (Item 19) prevents validation of ROI claims and franchisee profitability analysis
- 04HIGHHigh litigation exposure across property disputes (Stuart, Kjarsgaard, Aratlakov, Lyons) with allegations of fraud/negligence creates legal liability risk for franchisees
- 05MINORWide royalty range (3-6%) lacks transparency on which metrics trigger higher tiers, creating profit margin unpredictability
- 06MINORInvestment spread of $64,475-$443,125 (586% variance) suggests inconsistent startup costs and unclear break-even projections by territory
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
50 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Christie’s International Real Estate · FDD (2025) PDF