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Q: Who is THE REAL MARKET EXPERTS (RME)?
A: The Real Market Experts Franchise, Inc. was created to develop a unique Franchise opportunity for a select group of real estate professionals. RME has created a proprietary system, utilizing the Investor Concierge™, which enables savvy real estate professionals to offer properties to permitted investors through a sophisticated web-based technology system. RME has a license to use the Investor Concierge™ in connection with the operation of the RME System.
   
Q: Is RME a division or subsidiary of Nouveau Riche?
A: No. Although, RME is affiliated with Nouveau Riche, it is a completely separate company.
   
Q: Who is the executive leadership of RME?
A:
CEO Jim Piccolo
President Steve Taplin
Chief Technology Officer John Knoll
   
Q: Where is RME headquarters?
A: 7077 E. Marilyn Road, Building #130, Mail Stop #A-30
Scottsdale, AZ 85254
Corporate phone: 480-214-2100
   
Q: What is the franchise opportunity?
A: RME will offer to qualified business persons an opportunity to acquire, renovate, manage and sell real estate to permitted investors, that are located through the Investor Concierge™, and to provide those investors with various real estate related services.
   
Q: Can I work at home part time and own a RME franchise?
A: No. RME requires franchise owners (or an approved Operating Manager) to work full time from a professional office.
   
Q: What type of real estate will franchisees focus on?
A: The initial focus of the franchise offering shall be on residential real estate (including apartment buildings and other real properties consisting of multiple residential dwelling units), although commercial real estate activities may be added to the sales portfolio at a later date.
   
Q: How are territories determined?
A: Territories are determined based on population in specific areas (typically by counties). Two different types of territories are being offered at this time; Level 1 Regional Territories, which consist of an area with less than 1,000,000 people and Level 2 Regional Territories, which consist of an area with at least 1,000,000 people but not more than 4,000,000 people. All population determinations will be based on the most recent United States Department of Commerce Census Bureau census data at the time you sign the franchise agreement and shall not be affected by subsequent changes in population.
   
Q: What specific territories / locations are available?
A:

The following list contains states that RME has not yet received a valid registration from the responsible governmental agency or received the required exemption from the business opportunity law (i.e. no franchise can be offered in these states at this time): California, Connecticut, Hawaii, Illinois, Indiana, Kentucky, Louisiana, Maine, Maryland, Michigan, Minnesota, Nebraska, New York, North Carolina, North Dakota, Rhode Island, South Carolina, South Dakota, Virginia, Washington, and Wisconsin.

RME currently has franchises already committed in the following locations: Phoenix, Utah, Cincinnati - Ohio, Atlanta - GA. RME currently has franchises coming soon to the following locations: Idaho, Oklahoma, Vegas and Central Florida.

All other locations are currently available for new franchises.

   
Q: How much money can I make?
A: Neither RME, nor any of its authorized sales agents, may furnish any oral or written information concerning the actual or potential sales, costs, income or profits of a THE REAL MARKET EXPERTS facility. Actual results vary from facility to facility and we cannot estimate the results of any particular franchise. Existing Investor Concierge™ partners that have operated a similar type business may answer questions related to this topic.
   
Q: What type of training and support would I receive as a franchisee?
A: Five day initial training session, complete training manual, team conference calls twice monthly, telephonic support from corporate, and periodic additional training and conferences.
   
Q: How much does a RME franchise cost?
A: The following table is described in Item 7 of the UFOC.
   
 
ITEM DESCRIPTION ESTIMATED COST METHOD OF
PAYMENT
WHEN DUE TO WHOM PAYMENT IS TO BE MADE
Initial Franchise Fee $250,000 to $400,000
(Note 1)
Lump Sum At execution of franchise agreement Us
Real Estate and Improvements $1,000 to $6,000
(Note 2)
Lump Sum Prior to opening Landlord
Food & Lodging (2-4 persons while training, including cost of transportation) $3,600 to $5,000 As Incurred During training Hotels, restaurants and transportation provider
Furnishings, Fixtures and Equipment $2,000 to $6,000 Lump Sum Prior to opening Suppliers, contractors
Supplies $1,000 to $2,000 As incurred As incurred Suppliers
Computer Hardware/ Software $3,675 to $6,675 Lump Sum Prior to opening Suppliers
Insurance $4,000 to $8,000 As incurred Prior to opening and ongoing Insurance agents
Miscellaneous Opening Costs $2,200 to $5,000
(Note 3)
As incurred As incurred Suppliers, utilities, tradesmen
Additional Operating Funds – 6 months
$74,000 to $100,000
(Note 4)

As incurred



As incurred
Suppliers, landlord, utilities and employees
Total Estimated Initial Investment (Note 5)

$341,475 to $538,675


 

 

 

 

NOTES:

  1. The Initial Franchise Fee includes access to Investor Concierge™ and training for 4 persons. See Item 11 of this Offering Circular for additional information about the Initial Training Program. See Items 5 and 10 of this Offering Circular for additional information regarding partial refunds of this fee and the terms and conditions according to which we may finance a portion of this fee. A Level 3 Regional Territory, if offered, will cost $650,000 per unit. However, Level 3 Regional Territories are reserved for certain select metropolitan areas and, if offered, will be offered by a separate offering document. Therefore, the estimated initial investment with respect to a Level 3 Regional Territory is not included in this Offering Circular.
  2. These figures presume that you will be leasing the facility. The expense of leasing will vary, depending upon the size of the premises, its location, and the requirements of individual landlords. Landlords typically require security deposits equal to 1 or 2 months’ rent and may, in addition, require payment in advance of the first and/or last (or more) month’s rent. The total estimated initial investment shown in the chart above includes these amounts. Some franchisees prefer to own the facility premises in which they will operate. The costs of purchasing vary so widely as to preclude reasonable estimation by us. Regardless of whether the facility premises are leased or purchased by you, a typical THE REAL MARKET EXPERTS facility consists of an executive suite with conference room availability. The facility must have sufficient workspace for between 5 and 9 employees. The cost of leasehold improvements will vary widely depending upon the size and condition of the premises, whether or not there are any existing and comparable leasehold improvements in the premises, the extent and quality of improvements desired by you over and above our minimum requirements, landlord’s cash contribution to the cost of the improvements, and the like.
  3. Includes security deposits, utility costs, business and real estate licenses, incorporation, legal and bookkeeping fees and miscellaneous association dues.
  4. This estimates your expenses during the first 6 months of operation. These expenses include payroll costs (excluding any wage or salary paid to you), working capital for items such as purchasing and renovating property, and other miscellaneous expenses, and assume a low of $1,500 and a high of $4,000 for rent each month. These figures are estimates based on our principals’ past business experience of operating businesses that were similar to a THE REAL MARKET EXPERTS facility, and we cannot guarantee that you will not have additional expenses starting the business. Your costs will depend on factors such as how closely you follow our methods and procedures; your management skill, experience and business knowledge; local economic conditions; the local market conditions; the prevailing wage rate; competition; and the sales level achieved during the initial 6 month period.
  5. Except for the initial franchise fee, we do not offer direct or indirect financing to franchisees for any of these items.
   
Q: Will additional working capital be required after the initial franchise fee and investment, and if so, how much?
A: Yes. Additional working capital projections are detailed in Item 7 of the UFOC, as outlined in the previous question.
   
Q: Is financing available for the purchase of a franchise?
A: If you meet our financial requirements, we may finance up to 50% of the franchisee fee. Details are described in the UFOC.
   
Q: Are there ongoing franchise royalty fees?
A: Yes. This information is contained in Item 6 of the UFOC.
   
Q: What types of skills is RME looking for in franchisees?
A: Business management experience, real estate investment experience, preference for hands on owners, strong local contacts a must, entrepreneurial spirit, strong leadership skills, and a strong work ethic.
   
Q: If I am interested in a RME franchise, can I recruit partners to own it with me?
A: Yes. It is very common for a group of partners, or an entity, to purchase a franchise. If an entity or partnership is formed, a UFOC will need to be delivered to the entity or partners.
   
Q: How do RME franchisees acquire properties for sale on the Investor Concierge™?
A:

THE REAL MARKET EXPERTS franchisees will obtain properties utilizing many different strategies, including:

  • Create strategic relationships with property wholesalers,
  • Create strategic relationships with builders and developers,
  • Create strategic relationships with real estate agents,
  • Obtain pre-foreclosures and foreclosures through various acquisition
    and marketing strategies (including short sales)

All of these strategies are explained in the 5 day initial training

   
Q: If I am interested, what do I do next?
A: Request and return a Confidential Pre-qualification Questionnaire, Request a Uniform Franchise Offering Circular (UFOC) and sign the receipt, review the UFOC and franchise agreement, sign the franchise agreement after you have had at least 10 business days to review, pay the franchise fee, attend and successfully complete the five day training session, and open your office!
   

 

 
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