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Who is Intero Real Estate?
Intero Real Estate Services LLC ("Intero") is the number one real estate company in Silicon Valley. Founded in 2002 by President and CEO Gino Blefari, Intero Real Estate Services Inc. has quickly become one of the premier real estate brands in the country. Blefari and Chairman Bob Moles were given the prestigious RISMedia National Home Ownership Award at the 2007 NAR Conference & Expo for "outstanding achievements among residential real estate's most influential and charismatic leaders." And in 2006, Blefari was awarded the EcoBroker Community Service Award given by EcoBroker International and the Association of Energy and Environmental Real Estate Professionals. With more than 2,000 agents in 53 company owned and franchised offices, Intero is one of the fastest growing real estate companies in the history of the industry - as recognized by REALTOR® magazine (2004 & 2005) as the fastest organic growing real estate company in the nation, out of 80,000 brokerages. The brokerage was named the #1 residential real estate company in Silicon Valley by the Silicon Valley/San Jose Business Journal (2005) and in June 2009 voted "The Best Real Estate Company in Silicon Valley."
Who is Intero International?
Intero International Franchise Services LLC ("Intero International") has been granted the worldwide license to develop the INTERO® brand outside the U.S.
Is this a public or private company?
Intero and Intero International are both privately held companies.
What is the initial development fee?
The initial development fees vary according to each region. Please contact us and we will provide an outline of fees.
What are the ongoing fees?
There are several components to ongoing fees, including monthly service and franchise fees. Please contact us and we will provide an outline of fees.
How long is the typical contract?
The initial term of the Franchise Agreement is usually 10 years, with an option to renew for one additional 10-year term provided that certain criteria are met.
Is this an exclusive arrangement?
Yes. Within the term of the Agreement and within the territory the Master Franchisee shall have exclusive rights to operate Intero® branded brokerage offices and sell Intero® branded franchises.
If I don't meet the financial or operational criteria to become a Master Franchisee, can I partner with someone who does?
Yes. You must supply us with a resume and personal financial statement for each owner of your proposed franchise group, and a resume for your Principal Operator candidate.
Does Intero Real Estate provide financing?
No, neither Intero or Intero International provides financing.
What type of return can I expect to make on my investment?
Intero does not provide earnings claim information. We insist prospective Master Franchisees to conduct significant due diligence during the discovery process.
The amount of profit or loss is dependent on a number of factors, including the
ability to operate a profitable brokerage office(s) and sell franchises.
Does Intero select the site(s) where I'll locate my brokerage offices or sell franchises?
No. Within the territory, you will maintain full control to select the site(s) for your brokerage offices and franchises.
What kind of training requirements will I be expected to meet?
Shortly after executing the Master Franchise Agreement, senior management team members must complete an Orientation & Training Session in Cupertino (San Jose), California. Intero management will be available for further consultation from Intero’s Cupertino headquarters.
What kind of in-territory assistance will be provided by Intero?
A member of the senior leadership team will conduct in-territory coaching on leadership and strategic planning shortly after executing the Master Franchise Agreement. The Asia Pacific Managing Director will advise, consult and coach on transition planning and franchise sales. Further, a member of the senior leadership team will be available quarterly in the Asia Pacific region for additional support.
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