EXIT Realty Franchise Cost, Revenue & Review 2026
- Investment
- $75K – $216K
- Disclosed sales
- not disclosed
- SBA charge-off
- Under 10 loans (6)
Data from FDD filing + SBA 7(a) records
Analysis by FranchiseVerdict Research · Methodology
EXIT Realty is a residential real-estate brokerage franchise known for its residual, sponsoring-agent compensation model. Franchisees run offices recruiting and supporting agents, earning from per-transaction fees and agent production.
FranchiseVerdict summary · 2026
A EXIT Realty franchise requires a total initial investment of $75K – $216K, including a $22K – $32K franchise fee. This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. FranchiseVerdict grade: C (Average), an editorial assessment, not investment advice. Run a live ROI scan →
Sources, dates and evidence
FDD issued: · Data extracted: · Last cited check: · Staleness risk: medium - issued 12 to 24 months ago; a newer filing is likely on file
Evidence: strong✓ Investment (Item 7)✓ Item 19 status✓ Units and owners (Item 20)✗ SBA loan coverage✓ Litigation (Item 3)✓ Financial statements (Item 21)✓ Franchisor identityhow this is scored3 of 3 headline figures on this page cite a page of the filing.
Overview
- Investment
- $75K – $216K
- 59th pct Real Estate
- Avg gross sales
- N/A
- Royalty
- Set by a formula
- Units
- 518
- 82nd pct Real Estate
- SBA charge-off
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = favorable by >10% vs Real Estate median · No shading = within ±10% · Red = unfavorable by >10% · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Bottom line
- COSTTotal investment $75K – $216K including a $22K franchise fee.
- RETURNSThis franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
- RISKVerdict C (Average), verdict score 49/100 (higher is better).
- GROWTHNegative: net -50 franchised outlets in the latest year (29 opened, 25 closed); 22 signed but not yet open (Item 20).
- FLAGAuditor disclosed a going-concern note, which flagged doubt about the franchisor's ability to continue operations. Verify against the latest FDD.
Item 1 · who you're contracting with
The Franchisor
Corporate structure & franchisor financials
- Legal entity
- EXIT Realty Corp. International
- Parent company
- EXITUS Holdings Inc.
- FDD Item 1, page 6 of the 2025 FDD
- Predecessor
- of Subfranchisor
- Prior franchisor entity
- CEO title
- C.E.O. – U.S. Division
- Craig Witt
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- Ontario, Canada
- HQ
- 400 TradeCenter, Suite 5900, Woburn, Massachusetts 01801
- Auditor
- Aprio, LLP
- Audited financials
- Franchisor revenue
- $15.4M
- vs $16.0M prior year
- ⚠ Going-concern note
- Disclosed in FDD 2025
- Auditor flagged doubt about continued operations. Verify against the latest FDD before deciding.
Overview
About
- CEO
- Craig Witt
- Headquarters
- MA
- Founded
- 1995
- FDD year
- 2025
- States available
- 45
Can you afford it, and what does the money buy?
Entry cost runs 10% above the typical real estate franchise.
Source: FDD 2025 · Items 5–7
FDD Item 7 · 2025 filing
Initial investment breakdown
| Cost component | Low | High |
|---|---|---|
| Initial franchise fee | $22K | $22K |
| Working capital (3–6 mo) | $20K | $70K |
| Equipment, build-out, other | $33K | $124K |
| Total initial investment | $75K | $216K |
Source: EXIT Realty 2025 FDD, Items 5 and 7[2]. “Equipment, build-out, other” is computed as total minus disclosed line items above.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $75K – $216K
- Middle of category vs category
- Liquid capital req'd
- $20K – $70K
- Bottom third — review vs category
- Franchise fee
- $22K – $32K
- Top 40% of category vs category
- Royalty
- Transaction Fee of $50–$400 per transaction side (based o…
- Ad fund
- Portion of each Transaction Fee allocated to U.S. Adverti…
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Technology fee | $250 |
| Transfer fee | $8K |
| Renewal fee | $3K |
ROI & LBO modelsSingle-unit · 25-unit portfolio · editable
EXIT Realty makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. The return models need a revenue figure to start from, and the operating costs that turn gross sales into a profit are in no FDD. Enter your own and the calculator runs on your assumptions — nothing here is modelled until you do.
Returns model · single-unit ROIC
What would one EXIT Realty unit return on the cash you put in?
Illustrative category typicals — not sourced to any filing, survey or sample. Replace them with figures from franchisee validation calls before you rely on the output.
Unlevered ROIC · per unit
Your modelled return on total invested capital, before any debt financing.
—
An FDD discloses gross sales, not profit. We hold no sourced figure for annual revenue, royalty rate, ad fund rate, COGS, labour, rent / occupancy and other operating costs, and will not substitute an assumed one. Enter your own and the model runs on your assumptions.
These models are for research and scenario planning only. Not investment advice. Actual results depend on your specific location, management, and market conditions. Consult a franchise attorney and accountant before signing any franchise agreement.
Item 19 · Source: 2025 FDD
Financial Performance
No financial performance representation
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that.
Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator outlook
What the numbers say
Data-driven interpretation of this brand's financial disclosures, fee structure, and system trajectory.
Disclosure
This franchisor makes no financial performance representation in Item 19 of its FDD. Item 19 is voluntary under the FTC Franchise Rule, and this filing states that it makes none, so no revenue or earnings figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Operator retention
System contracting at -12.5% CAGR over 3 years. Investigate whether closures are franchisor-driven consolidation or franchisee exits.
Source: FDD Item 19 financial performance representations and publicly filed FDD data. Past performance is not indicative of future results. Verify all figures with the franchisor and current franchisees before making any investment decision.
vs Real Estate medians
How EXIT Realty Compares
Category median of published Real Estate brands that report the figure; the middle half spans the 25th to 75th percentile and n counts the brands behind it. Medians are used because a few very large systems pull an average far from the typical brand. Revenue is disclosed gross sales, not profit.
Is the system healthy?
Source: FDD 2025 · Item 20
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 518
- Opened
- 29
- Last reporting year
- Closed
- 25
- Turnover rate
- 10.0%
- Company-owned
- 0
- Corporate units in the system
- % franchised
- 100%
- vs corporate-owned
- Net growth (3-yr)
- -12.5%
- Net unit change over 3 years
- 3-yr CAGR
- -12.5%
- Compounded over last 3 years
Last fiscal year · Item 20 exits and transfers
- Signed, not yet open
- 22
- 0.04 per open outlet · Item 20 Table 5
- Projected new
- 114
- Franchisor's next-year forecast
- Transfer rate
- 5.8%
- Owners selling to other franchisees
- Termination rate
- 9.5%
- Franchisor-initiated terminations
- Ceased ops
- 0.8%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 43 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 contact records (FDD Item 20). Shows states with at least one current operator on file. Full state registration data (Item 12) will appear on a future FDD refresh.
Available to sell in · Item 12
- Illinois
- Michigan
- South Dakota
- Wisconsin
States where the franchisor is registered to sell new franchises (FDD registration filings).
Where the owners are · Item 20 owner list
451 current owners across 43 states.
- AL 37
- FL 36
- NY 36
- TN 34
- NJ 26
- IA 21
- VA 21
- MD 20
- TX 18
- CA 16
- MI 16
- KY 15
- +31 more states
Counts only, from the list the franchisor prints in Item 20; 1 entries carry no state. Names and phone numbers are for your own due diligence and are not shown here.
A system losing more than 10% of its units year-over-year is a red flag. Check whether closures are concentrated in specific regions.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA loan disclosures. This brand has only 6 7(a) loans on file; statistical reliability is limited below 10 loans.
- Total loans
- 6
- Loan volume
- $788K
- Median loan
- $45K
- 50th percentile
- Charge-off rate
- Under 10 loans (6)
- Insufficient SBA coverage: 6 loans, rate hidden below 10
Historical SBA 7(a) lending data, not predictive of future performance. How SBA charge-off rates are calculated
- Repayment rate (PIF)
- Under 10 loans (6)
- 5-yr charge-off
- Under 10 loans (6)
- Loans approved 2021+
- Active lenders
- 5
- Defaults
- N/A
Explore lender portfolios on Bank Reports or regional data on State Reports.
What could kill this investment?
The auditor flagged going-concern doubt (Item 21) — the single biggest risk here.
Source: SBA 7(a) FOIA · FDD Items 3, 21
Risk analysis
FranchiseVerdict rating + FDD Items 3, 4, 8, 16, 21
Risk & Legal
⚠ Grade capped at C: the auditor disclosed a going-concern note (FDD Item 21). The verdict score reflects the underlying financials before that cap.
EXIT Realty presents elevated risk due to contracting unit base, undisclosed financials, active litigation including antitrust exposure, and variable transaction-based fee structure that obscures true earnings potential.
Litigation (Item 3)
Subject: the franchisor is a named party (defendant).
1 subfranchisor case (Everyday Grace LLC v. Josvla Inc.); 5 franchisor cases including Evans v. EXIT (commission dispute, settled as to EXIT), 71353 Newfoundland v. EXIT (breach of contract $2.5M claim), McFall v. Canadian REA et al. (MLS buyer brokerage class action), Gibson v. NAR et al. (U.S. MLS commissions class action), Wallerstein v. EXIT (robocall TCPA class action)
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes · Aprio, LLP⚠ Going-concern note flagged
Franchisor revenue (Item 21)
Franchisor entity revenue (not unit-level)
EXIT Realty Corp. International (franchisor) consolidated statements of operations. Revenue $15,421,227 (2024), $15,991,792 (2023), $17,858,393 (2022). Going-concern doubt noted; net income $70,717 driven by $2.1M gain on sale of property offsetting $1.15M loss from operations. Subfranchisor (JOSVLA INC. / EXIT NY METRO) also separately audited in Exhibit F.
ⓘ These are the parent company's consolidated financials (the parent guarantees the franchisor), not this brand's standalone results — the figure reflects the whole corporate group, not this brand alone.
Supplier relationship · Items 8 & 16
- Franchisor sells you products: Yes
- Kickbacks from required suppliers: Yes
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 49 / 100 verdict
- 01MINORUnit count declining 8.8% YoY (518 units) indicates shrinking franchise system and potential market saturation or franchisee dissatisfaction
- 02MEDNo Item 19 financial performance disclosure (Avg Revenue and Net Income not disclosed) prevents validation of actual earning potential and ROI
- 03HIGHMultiple active litigations including breach of contract, tortious interference, and commission disputes suggest franchisor-franchisee relationship tensions and possible operational/contractual issues
- 04MEDInvolvement in industry-wide antitrust class actions regarding real estate commission practices creates regulatory and reputational risk that could impact franchisee operations and brand value
- 05MINORTransaction-based fee model ($50-$400 per side) creates unpredictable revenue stream dependent on agent productivity and market conditions; no baseline guaranteed income
- 06MINOR5-year term is relatively short, creating uncertainty in long-term viability and capital recovery timeline for $75K-$216K investment
Severity inferred from the FDD text · not a regulatory classification
What are you signing up for?
Source: FDD 2025 · Items 11, 12, 17
FDD Items 12, 15, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 5 years |
|---|---|
| Renewal term | 5 years |
| Territory type | Protected territory |
| Protected territory | Yes |
| Exclusive territoryℹ | No |
| Territory population | 20,000 |
| Online sales rightsℹ | Granted |
| Franchisor can compete | No |
| Hire a manager? | Allowed |
| Owner-operator | Required |
| Non-compete (years)ℹ | 1 year |
| Non-compete (miles)ℹ | 10 mi |
| Right of first refusalℹ | No |
| Transfer requires consent | Yes |
| Termination notice | 30 days |
| Mandatory arbitration | No |
| Arbitration location | Nassau County, NY (litigation) |
| Jury trial waiver | No |
| Governing law | NY |
| Litigation count | 6 |
View Item 3 litigation summary
1 subfranchisor case (Everyday Grace LLC v. Josvla Inc.); 5 franchisor cases including Evans v. EXIT (commission dispute, settled as to EXIT), 71353 Newfoundland v. EXIT (breach of contract $2.5M claim), McFall v. Canadian REA et al. (MLS buyer brokerage class action), Gibson v. NAR et al. (U.S. MLS commissions class action), Wallerstein v. EXIT (robocall TCPA class action)
Items 10, 11
Training & Operations
- Classroom training
- 26 hrs
- On-the-job training
- 0 hrs
- Training location
- Mississauga, Ontario, Canada or Atlanta, Georgia (also online)
- Ongoing training
- Required
- Time to open
- 2 mo
- From signing to launch
- Site selection
- Franchisee selects subject to Subfranchisor review and consent
- Franchisor financing
- Not offered
- Item 10
- POS system
- MEMO
- Operating tech stack
Items 5 & 11
Franchisor Support
Technology: MEMO
Item 20 · call current owners
Franchisee Contacts
452 owners to call
Name · phone · city · state. Extracted from FDD Item 20
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a EXIT Realty franchise?
The total investment to open a EXIT Realty franchise ranges from $75K – $216K, with an initial franchise fee of $22K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do EXIT Realty franchise owners earn?
EXIT Realty makes no financial performance representation in Item 19 of its FDD - a voluntary item under the FTC Franchise Rule - so no unit revenue figures are disclosed. Declining to publish one is lawful and is not evidence of how the outlets perform. It does mean that less about this brand can be verified from its filing, and the FranchiseVerdict grade - an editorial assessment, not investment advice - reflects that. Item 20 of the FDD lists current and former franchisees; asking them directly is the standard way to fill this gap.
Who owns EXIT Realty?
EXIT Realty is franchised by EXIT Realty Corp. International. Its parent company is EXITUS Holdings Inc.. Source: FDD Item 1, 2025 filing.
What is Item 19 in the EXIT Realty FDD?
The FDD section where a franchisor may disclose financial performance of its outlets. Disclosure is optional and formats vary; figures are typically gross sales, which is revenue before expenses, not profit. FranchiseVerdict extracts these figures directly from the EXIT Realty FDD and qualifies whose outlets they describe.
What is EXIT Realty's franchise failure rate?
SBA 7(a) loan charge-off data is not available for EXIT Realty (fewer than 10 loans on file). Charge-off rates are one way to gauge franchise risk, but not all franchise loans go through the SBA program. We recommend reviewing turnover and closure data in the FDD and speaking with current franchisees.
How many EXIT Realty franchise locations are there?
As of their most recent FDD filing, EXIT Realty has 518 total units in the United States, including 518 franchised units and 0 company-owned units. 29 new units were opened in the latest reporting year.
Is EXIT Realty a good franchise to buy?
FranchiseVerdict rates EXIT Realty as a C-grade franchise with a verdict score of 49 out of 100 (higher is better). The grade is a deterministic score built from six weighted dimensions — financial health, unit economics, unit growth, scale, legal, and transparency — then calibrated against SBA loan charge-off rates and FDD age. Transparency is one of the six, so a filing that discloses less scores lower on that dimension than one that discloses more. Our rating is based solely on publicly available FDD and government data; we recommend speaking with current franchisees before making any investment decision. This is not investment advice.
Data sourced from public FDD filings and SBA 7(a) FOIA records. Not financial advice.
For franchisors
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Data extracted from public FDD filings and SBA 7(a) loan disclosures (FOIA). This information is provided for research purposes only and does not constitute financial, legal, or investment advice. Verify all figures with the franchisor's current Franchise Disclosure Document before making any investment decision.