Intero Real Estate Services / Intero ResortsFranchise Cost, Revenue & Review 2026
Data from FDD filing
FranchiseVerdict summary · 2026
A Intero Real Estate Services / Intero Resorts franchise requires a total initial investment of $210K – $855K, including a $25K franchise fee and an ongoing 5.0% royalty[2]. The 2025 FDD does not disclose unit-level revenue (no Item 19). Verdict grade: D. Run a live ROI scan →
Data last verified June 18, 2026 · figures per the 2025 FDD issuance
Overview
- Investment
- $210K – $855K
- 73rd pct Real Estate
- Avg gross sales
- N/A
- 25th pct Real Estate
- Royalty
- 5.0%
- 11th pct Real Estate
- Units
- 40
- 24th pct Real Estate
- SBA default
- N/A
Quick verdict · Real Estate · color = vs category peers
Green = >15% above Real Estate avg · No shading = within ±15% · Red = >15% below avg · Source: FDD filings + SBA 7(a)
Data from public FDD filings and SBA records. Not financial advice. Methodology
Franchised units fell from 33 to 26 over 3 years. Investigate why operators are leaving.
Bottom line
- Total investment $210K – $855K including a $25K franchise fee, 5.0% ongoing royalty.
- No Item 19 financial performance data disclosed. The franchisor chose not to publish revenue figures.
- Verdict D (Below Average) with a risk score of 72/100.
- 3 units terminated last reporting year (7.5% of the system). Ask existing franchisees why.
Item 1 · who you're contracting with
The Franchisor
- Legal entity
- INTERO FRANCHISE SERVICES, INC.
- Parent company
- HomeServices of California, Inc.
- CEO title
- Co-President
- Brian Crane
- Founder active
- Yes
- Original founder still leading the business
- Incorporated in
- CA
- HQ
- 10080 N. Wolfe Road Suite SW3, Cupertino, California 95014
- Management churn noted
- Frequent turnover
- Item 2 disclosed frequent executive changes
Overview
About
Intero franchisees operate residential real estate brokerage offices, managing agents who list and sell properties, managing transaction coordination, and handling buyer/seller relationships. Revenue depends entirely on commission splits from agent productivity and market conditions. Franchisees must recruit and retain licensed agents in an increasingly commoditized brokerage market.
- CEO
- Brian Crane
- Headquarters
- CA
- Founded
- 2004
- FDD year
- 2025
- States available
- 3
FDD Item 7 · 2025 filing · 9 line items
Initial investment breakdown
| Line item | Low | High | |
|---|---|---|---|
| Initial Franchise Feenot refundable | $5K | $25K | |
| Real Property, whether Purchased or Leasednot refundable | $25K | $250K | |
| Furniture, Fixtures & Equipmentnot refundable | $50K | $200K | |
| Signagenot refundable | $5K | $30K | |
| Technologynot refundable | $10K | $50K | |
| Inventorynot refundable | $10K | $20K | |
| Insurancenot refundable | $25K | $100K | |
| Advertising and Marketingnot refundable | $5K | $30K | |
| Additional Funds - 3 Monthsnot refundable | $75K | $150K | |
| Total initial investment | $210K | $855K |
Line items extracted from FDD Item 7. Ranges reflect the franchisor's stated low and high per line. Total is the sum of line-item lows / highs — actual costs may fall outside this range depending on market and build-out scope.
Item 7 · what it costs to open + operate
The Vitals
- Total investment
- $210K – $855K
- Below avg, review vs category
- Liquid capital req'd
- $75K – $150K
- Below avg, review vs category
- Franchise fee
- $25K – $25K
- Better than avg vs category
- Royalty
- 5.0%
- Gross Revenue · typical 6–8%
- Ad fund
- -n/d
- Total fee load
- 5.0%
- vs 9–13% typical
Ongoing fees · Item 6
| Fee | Amount |
|---|---|
| Royalty | 5.0% of gross sales |
| Technology fee | $180 |
| Transfer fee | $5K |
| Renewal fee | $1K |
| Total fee load | 5.0% of rev |
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
vs Real Estate averages
How Intero Real Estate Services / Intero Resorts Compares
Unit growth
Item 20 · unit dynamics
The Growth Chart
- Total units
- 40
- Opened
- 0
- Last reporting year
- Closed
- 3
- Terminated
- 3
- Franchisor ended the franchise (per Item 20)
- Non-renewed
- 0
- Term expired, not renewed (per Item 20)
- Turnover rate
- 7.5%
- Company-owned
- 14
- Corporate units in the system
- % franchised
- 65%
- vs corporate-owned
- Net growth (yr3)
- -10.3%
- Net unit change last year
- 3-yr CAGR
- -21.2%
- Compounded over last 3 years
3-year detail · Item 20
- Transfers (3yr)
- 0
- Projected new
- 0
- Franchisor's next-year forecast
- Termination rate
- 7.5%
- Franchisor-initiated terminations
- Ceased ops
- 15.0%
- Units that stopped operating
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 4 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.
SBA loan performance
Government records
SBA Loan Data
Aggregated from SBA 7(a) and 504 loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
Risk analysis
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Contracting franchise system facing material antitrust litigation, zero financial transparency, and unprotected territory creates elevated risk of franchisee underperformance and legal exposure.
Litigation (Item 3)
HSF and BHH are defendants in multiple class action lawsuits alleging real estate brokerage conspiracy to inflate buyer broker commissions. Intero Franchise Services, Inc. is not named. Burnett case resulted in $1.8B jury verdict (trebled). August 2024 settlement agreement for $250 million received final approval January 15, 2025. Lutz case pending alleging similar claims on behalf of home buyers.
Largest disclosed settlement: $250
Bankruptcy (Item 4)
None disclosed
Audited financials (Item 21)
Yes
Supplier relationship · Items 8 & 16
- Franchisor sells you products: No
- Kickbacks from required suppliers: No
- Must buy proprietary products: Yes
- Restricted to system-approved products: Yes
- Can negotiate own supplier terms: No
Score breakdown · what drove the 72 / 100 rating
- 01MINORUnit count declining 10.3% YoY (40 units) indicates system contraction and potential franchisee underperformance or attrition
- 02MEDMultiple active antitrust and commission-fixing lawsuits with jury verdict against parent companies creating ongoing legal/reputational risk and potential operational disruptions
- 03MINORNo Item 19 (average revenue/net income) disclosure prevents assessment of actual franchisee profitability and ROI on $210k–$855k investment
- 04MINORUnprotected territory creates direct competition risk from other Intero franchisees and company-owned locations in same market
- 05MINORHigh upper-end investment ($855k) paired with declining unit economics suggests franchisees may be struggling to justify capital outlay
- 06MED10-year term is long-duration commitment in volatile real estate market with no clear exit liquidity or buyback provisions disclosed
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
| Initial term | 10 years |
|---|---|
| Renewal term | 10 years |
| Protected territory | No |
| Exclusive territoryℹ | No |
| Online sales rightsℹ | Granted |
| Franchisor can compete | Yes |
| Hire a manager? | Allowed |
| Owner-operator | Optional |
| Right of first refusalℹ | Yes |
| RoFR response window | 90 days |
| Transfer requires consent | Yes |
| Termination notice | 60 days |
| Mandatory arbitration | Yes |
| Arbitration location | Santa Clara, California |
| Jury trial waiver | Yes |
| Governing law | Delaware |
| Litigation count | 3 |
View Item 3 litigation summary
HSF and BHH are defendants in multiple class action lawsuits alleging real estate brokerage conspiracy to inflate buyer broker commissions. Intero Franchise Services, Inc. is not named. Burnett case resulted in $1.8B jury verdict (trebled). August 2024 settlement agreement for $250 million received final approval January 15, 2025. Lutz case pending alleging similar claims on behalf of home buyers.
Items 10, 11
Training & Operations
- Classroom training
- 0 hrs
- On-the-job training
- 0 hrs
- Training location
- On-site and corporate
- Time to open
- 3 mo
- From signing to launch
Items 5 & 11
Franchisor Support
Item 20 · call current owners
Franchisee Contacts
30 owners to call
Name · phone · city · state. Extracted from FDD Item 20
FDD download
Intero Real Estate Services / Intero Resorts · FDD (2025) PDF
Frequently asked questions
Frequently Asked Questions
How much does it cost to open a Intero Real Estate Services / Intero Resorts franchise?
The total investment to open a Intero Real Estate Services / Intero Resorts franchise ranges from $210K – $855K, with an initial franchise fee of $25K. This includes real estate, equipment, inventory, and working capital as disclosed in their Franchise Disclosure Document (FDD).
What do Intero Real Estate Services / Intero Resorts franchise owners earn?
Intero Real Estate Services / Intero Resorts does not disclose average franchise owner earnings in their FDD Item 19. Not all franchisors are required to make financial performance representations. We recommend asking existing franchisees directly about their financial experience.
What is Intero Real Estate Services / Intero Resorts's franchise failure rate?
SBA 7(a) loan charge-off data is not available for Intero Real Estate Services / Intero Resorts (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 Intero Real Estate Services / Intero Resorts franchise locations are there?
As of their most recent FDD filing, Intero Real Estate Services / Intero Resorts has 40 total units in the United States, including 33 franchised units and 14 company-owned units.
Is Intero Real Estate Services / Intero Resorts a good franchise to buy?
FranchiseVerdict rates Intero Real Estate Services / Intero Resorts as a D-grade franchise with a risk score of 72 out of 100, based on our analysis of investment costs, revenue data, SBA loan performance, and growth trends. 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.