FranchiseVerdict
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FV-02110·CAUTIONExcellent81

Realty Executives

Real EstateFranchising since 2015Website
Investment
$53K – $431K
44th pct Real Estate
Avg revenue
32nd pct Real Estate
Royalty
Units
258
77th pct Real Estate
SBA default
0.0%
vs <3% typical

Bottom line

  • Total investment $53K – $431K including a $35K franchise fee.
  • No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
  • Rated CAUTION with a risk score of 71/100. SBA loan default rate of 0.0% across 7 loans (below the industry average).
  • System contracting at -13.7% CAGR over 3 years. Investigate whether closures are franchisor-driven (consolidation) or franchisee-driven (economics).

Item 1 · who you're contracting with

The Franchisor

Legal entity
REALTY EXECUTIVES INTL. SVCS. LLC
Parent company
New REI Holdings, LLC
Incorporated in
Arizona
HQ
4343 E. Outlier Blvd., Suite 123, Phoenix, Arizona 85008
Auditor
CliftonLarsonAllen LLP
Audited financials
Franchisor revenue
$5.6M
vs $5.3M prior year

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 REALTY EXECUTIVES unit return on the cash you put in?

Revenue · per unit, per year
$
Item 19 not disclosed — typing your own estimate
Franchisor take · royalty + ad fund
Royaltytyp 68%
%
Ad fundtyp 35%
%
Operating costs · category default: generic
COGS
%
Labor
%
Rent / occupancy
%
Other operating
%
Total invested capital · what you actually put in
Initial investment
$
FDD Item 7: $53K–$431K
Working capital
$
FDD reports $10K–$60K

Unlevered ROIC · per unit

38%

In Yale's "attractive" band (30–60%)

0%30–60% Yale band80%

Store EBITDA · annual
$105K
EBITDA margin
14.0%
Total invested
$277K
Payback
32 mo
Unit-level only. A multi-unit portfolio gives up roughly 5–15% of this to shared services (corporate G&A) before reaching the ~10-unit break-even Yale describes.

Overview

About

Realty Executives franchisees operate full-service residential real estate brokerage offices, managing agents who conduct property sales, buyer representation, and customer transactions. Franchisees handle office operations, agent recruitment/training, client relations, and local marketing while paying per-agent or commission-based royalties to the franchisor for brand, systems, and support services.

CEO
Dave Tedesco
Founded
2014
FDD year
2025
States available
29

Item 7 · what it costs

The Vitals

Total investment
$53K – $431K
All-in to open one unit
Liquid capital
$10K – $60K
Cash you must have on hand
Franchise fee
$35K
Royalty
$350 per Salesperson (Flat Fee Model) or 6% of aggregate …
Ad fund
$325 multiplied by the greater of: (a) your Salesperson C…
Total fee load
6.0%
vs 9–13% typical

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

Total units
258
Opened
9
Last reporting year
Closed
38
Turnover rate
14.7%
Company-owned
0
Corporate units in the system
% franchised
100%
vs corporate-owned
Net growth (yr3)
-10.1%
Net unit change last year
3-yr CAGR
-13.7%
Compounded over last 3 years
2023
258-29
Franchised units
2024
287
Franchised units
2025
299
Franchised units

Year-over-year franchised unit counts and net change. Source: FDD Item 20.

Item 20 · 6 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).

AK
ME
VT
NH
MA
RI
CT
NY
NJ
PA
DE
MD
DC
WA
OR
CA
NV
ID
MT
WY
UT
CO
AZ
NM
ND
SD
NE
KS
OK
TX
MN
IA
MO
AR
LA
WI
IL
MS
TN
MI
IN
KY
AL
OH
WV
GA
VA
NC
SC
FL
HI
Registered · 6 states
Not registered

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.

Total loans
7
Loan volume
Avg loan
Default rate
0.0%
vs <3% typical · system-wide
5-yr default

FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17

Risk & Legal

71
Risk · 0-100
CAUTION71 / 100

Realty Executives presents HIGH RISK due to contracting franchise system (10.1% decline), extensive litigation alleging antitrust violations and fee disputes, absent financial disclosures, and structural royalty misalignment favoring the franchisor over franchisee profitability.

Score breakdown · what drove the 71 / 100 rating

  1. 01MEDUnit decline of 10.1% YoY indicates system contraction and potential franchisee dissatisfaction
  2. 02HIGHMultiple active litigations including class-action antitrust suit suggests serious franchisor-franchisee relationship problems and potential systemic issues
  3. 03MINORNo Item 19 (average revenue/income disclosure) prevents validation of earnings claims and ROI viability
  4. 04MINORFlat-fee model ($350/salesperson) creates misalignment: franchisor profit independent of franchisee success
  5. 05MINORHigh investment ceiling ($430,500) with declining unit count signals poor market conditions and increased franchisee financial risk
  6. 06HIGHLitigation involving non-compete/non-solicitation enforcement suggests franchisor aggressively pursues legal action against franchisees
  7. 07HIGHGoing Concern status listed as 'False' — unclear if this means auditor concerns about franchisor viability exist

Severity inferred from the FDD text · not a regulatory classification

FDD Items 5, 6, 12, 17 · continued from Risk & Legal

Contract & Territory Detail

Territory
Geographic area
Protected territory
Yes
Initial term
10 years
Renewal term
5 years
Online sales rights
Granted
Franchisor can compete
Yes
Hire a manager?
Allowed
Litigation count
9
Right of first refusal
Yes
Franchisor can buy back on resale
Mandatory arbitration
No
Jury trial waiver
Yes
Owner-operator
Required
Governing law
Arizona

Item 11

Training & Operations

Classroom training
11 hrs
On-the-job training
0 hrs
POS system
PrimeAgent
Operating tech stack

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

94 numbers

Locked
(520) 284-••••
AZ
(928) 478-••••
AZ
(818) 403-••••
CA

One-time purchase · CSV download · Validation questions included

FDD download

REALTY EXECUTIVES · FDD (2025) PDF

Single-page checkout · instant download · CSV export of contacts available separately above