1851

LAST UPDATED: October 2023FRANCHISE WEBSITE:&nbsp;<a href="https://www.1stclassrealestate.com/own_a_franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">https://www.1stclassrealestate.com/own_a_franchise</a>&nbsp;NUMBER OF LOCATIONS:&nbsp;100+REPORTED COST TO GET IN:&nbsp;$32K–$207K,&nbsp;&nbsp;REPORTED ROI (Item 19): N/A<a href="https://www.1stclassrealestate.com/own_a_franchise?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">1st Class Real Estate</a> is a full-service real estate company that desires to help clients grow their businesses through software, systems, procedures and support staff.&nbsp;<h3>How Many 1st Class Real Estate Locations Are There?</h3>Founded in 2013 by CEO Rhyan Finch, 1st Class Real Estate started with only a handful of agents and has rapidly grown to over 100 locations in states nationwide. In 2005, Finch became a licensed real estate agent with a nationally known franchise firm in Virginia Beach. The firm grew quickly, and Finch became certified in distressed properties, short sales and foreclosures.&nbsp;In 2008, Finch started his own real estate team: the Rhyan Finch Real Estate Team. His team grew to five agents within just a few months. At the time, Finch saw what was going on with the real estate market and became an expert on distressed properties. Within five years, he took his newfound real estate career in a crashing market and turned it into the number one team in Hampton Roads, Virginia.&nbsp;In 2012, the team grew to selling over 900 homes and was ranked the number seven “Real Estate Team in the U.S.” by the Wall Street Journal and number one in “Platinum Mega Team In Hampton Roads” by the Realtor Association. Finch decided it was time for the team to branch out and founded 1st Class Real Estate, an independent real estate firm located in Virginia Beach, Virginia.&nbsp;&nbsp;Now, as CEO and principal broker of 1st Class Real Estate, he has led the company to rank in the top 4% of real estate companies in the Hampton Roads area with over 1,000 agents.<h3>What Is the 1st Class Real Estate Business Model?</h3>1st Class Real Estate is a full-service real estate company. As a franchisee, owners will receive access to:<ul><li>Leads: Leads, as well as tools to generate their own leads</li><li>Technology:&nbsp;Supplies needed to run the operation, including a custom-built customer relationship management platform and transaction management system</li><li>Back-office support:&nbsp;11,560 square foot Resource Center houses all essential staff, resources and supplies for business needs</li><li>1st Class University: Necessary education in real estate</li><li>1st Class Swag Store:&nbsp;Branded and customizable signs, swag and office essentials</li><li>Marketing Department: Free, pre-made, customizable content&nbsp;</li><li>Agent Mobile App:&nbsp;App includes the “best real estate search experience on the market”</li><li>Growth Plans:&nbsp;Focus on personal productivity, sales skills and career development&nbsp;&nbsp;&nbsp;&nbsp;</li><li>Location Assistance:&nbsp;Affordable options that provide exposure, foot traffic and maintain brand image</li></ul><h3>How Much Can 1st Class Real Estate Franchise Owners Make?</h3>Earnings for 1st Class Real Estate franchise owners are not publicly available.&nbsp;<h3>How Much Does It Cost to Open a 1st Class Real Estate?</h3>The total cost to open a 1st Class Real Estate franchise ranges from $32K to $207K, according to&nbsp;<a href="https://www.entrepreneur.com/franchises/directory/1st-class-real-estate/335602?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">Entrepreneur</a>.&nbsp;<h3>What Is the Franchise Fee for 1st Class Real Estate?</h3>The franchise fee is $25K, according to Entrepreneur.&nbsp;<h3>Who Is the Leadership of 1st Class Real Estate?</h3><ul><li><a href="https://www.linkedin.com/in/rhyanfinch/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">Rhyan Finch</a> — Owner and CEO</li><li><a href="https://www.linkedin.com/in/faith-kraft-b50308225/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">Faith Kraft</a> — President of Operations&nbsp;</li><li><a href="https://www.linkedin.com/in/dora-cuyler-08b764101/?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">Dora Cuyler</a> — Franchise Development Specialist&nbsp;</li></ul><h3>What Helpful Articles Can I Read to Learn More About 1st Class Real Estate?</h3><ul><li><a href="https://www.entrepreneur.com/franchises/directory/1st-class-real-estate/335602?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">Start a 1st Class Real Estate Franchise in 2023</a></li><li><a href="https://1851franchise.com/franchise-influencers-rhyan-finch-owner-and-ceo-1st-class-real-estate-2721439#stories">Franchise Influencers: Rhyan Finch, Owner and CEO, 1st Class Real Estate</a></li><li><a href="https://www.ifpg.org/top-franchises/1st-class-real-estate?utm_source=1851franchise.com&utm_medium=article&utm_campaign=franchise-deep-dive-1st-class-real-estate-franchise-costs-fees-profit-and-data-2723853" target="_blank" rel="nofollow">1st Class Real Estate Franchise Cost and Requirements for 2023</a> &nbsp;</li></ul>Disclaimer: This content is for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained on this site constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any franchises, securities, or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the franchise and/or securities laws of such jurisdiction. All content in this article is information of a general nature and does not address the detailed circumstances of any particular individual or entity. Nothing in the article constitutes professional and/or financial advice, nor does any information in the email constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other content in this article before making any decisions based on such information or other content.

Franchise Deep Dive: 1st Class Real Estate Franchise Costs, Fees, Profit and Data

1851 Franchise

This full-service real estate company, with over 100 locations nationwide, offers franchisees everything they need to be successful in real estate.

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Sylvan Learning

The Recorder: Sylvan Learning Expands to St. Johns County

The Recorder: Sylvan Learning Expands to St. Johns County With New Franchise Owners Focused on Education and Community

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Wings and Rings

Restaurant Magazine: Wings and Rings Turns Up the Heat With Bold New Summer Menu 

Restaurant Magazine: Wings and Rings Turns Up the Heat With Bold New Summer Menu and Ongoing Promotions

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Fresh Coat

Photo of Jeff and Jenn Berry standing in front of their Fresh Coat Painters vehicle

After Health Concerns Pushed Jeff Berry to a New Opportunity, He Earned Fresh Coat Rookie of the Year in Year One

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Pigtails & Crewcuts

Pigtails & Crewcuts Leadership Team Brings Over 70 Years of Experience to the Table

Pigtails & Crewcuts Leadership Team Brings Over 70 Years of Franchise and Child-Focused Industry Experience to the Table

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Dog Training Elite

How Dog Training Elite Helps Individuals With Mental Health Challenges

Training Support That Makes a Difference: How Dog Training Elite Helps Individuals With Mental Health Challenges

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Franchise Deep Dive: 1st Class Real Estate Franchise Costs, Fees, Profit and Data

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