Leaders in REO property disposition, preservation, management and sales, the Benham Real Estate Group provides banks and asset management companies management and sales solutions to liquidate their foreclosed properties on the retail market. The Benham Group has sold or managed more than 8,000 properties for more than 200 clients in the past five years. The Benham Group now has affiliate brokers in more than 35 U.S. states, and is among the leaders nationally in REO real estate business.
Full Franchise Information
The Benham REO strategy of real estate sales is built around an aggressive model, combining local market expertise with state-of-the-art technology, Benham moves fast to sell REO properties owned by banks or other entities. Franchise opportunities are available for quality professionals to help expand the Benham brand nationwide. Franchisees serve regional territories and receive training, REO servicer and management networking and sophisticated online management system.
Benham Real Estate Group Franchise Opportunities – History
Benham Real Estate Group was founded in 2003 by David and Jason Benham to meet the growing demands of today’s REO industry, in which banks and financial entities own properties after foreclosure or other similar action. David and Jason Benham, identical twins, are former Major League Baseball players, drafted in 1998, Jason by the Baltimore Orioles, David by the Boston Red Sox. After several season in the Major Leagues, the brother retired and began their real estate careers together in 2002, forming Benham the following year in Charlotte, North Carolina. Since then, Benham Real Estate Group has grown to more than 90 locations in 35 states.
Benham Real Estate Group Franchise Cost / Initial Investment / Benham Real Estate Group Franchise Income
The franchise fee to open a Benham Real Estate franchise is $6,500, with a low total initial investment of $11,800, and a royalty fee paid to the company of $195 per transaction. The Term of Agreement is 10 years, with a $2,500 renewal fee. The Benham Real Estate Group have reported revenues of more than $24 million.
Benham Real Estate Group Business Opportunities: Other Information
Benham Real Estate Group has received numerous accolades from entrepreneurship and franchise publications, including being named Small Business of the Year in North Carolina and being named to the Wall Street Journal Top Real Estate Professionals list, as well as Entrepreneur magazine’s Top New Franchises in 2010 and others.