What is the estimated range for computers and software for a Christies International Real Estate franchise?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
INVESTMENT
| Type of Expenditure (Note 1) | Estimated Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Fee | $35,000 | Lump sum | When you sign the License | Us |
| (Note 2) | Agreement | |||
| Initial Training Expenses (Note 3) | $1,000 to $10,000 | As incurred | Before opening | Third-party vendors |
| Leasehold Improvements | $0 to $150,000 | As agreed upon | As agreed upon | Third-party vendors |
| (Note 4) | ||||
| Rent and Security Deposit | $3,000 to $10,000 | As agreed upon | As agreed upon | Landlord |
| (Note 5) | ||||
| "For Sale" Signage | $1,000 to $25,000 | As incurred | Before opening | Third-party vendors |
| (Note 6) | ||||
| Office Signage | $250 to $5,000 | As incurred | Before opening | Third-party vendors |
| (Note 7) | ||||
| Equipment and Furniture (Note 8) | $7,500 to $50,000 | As incurred | Before opening | Third-party vendors |
| Computers and Software (Note 9) | $2,500 to $10,000 | As incurred | Before opening | Third-party vendors |
| Start-up Supplies and | $5,000 to $10,000 | As incurred | As incurred | Third-party vendors and Us |
| Inventory | ||||
| (Note 10) | ||||
| Insurance (Note 11) | $1,500 to $25,000 | As incurred | Before opening | Third-party vendors |
| Professional Fees | $1,500 to $5,000 | As incurred | As incurred | Accountants, |
| (Note 12) | Attorneys | |||
| Type of Expenditure (Note 1) | Estimated Amount | Method of Payment | When Due | To Whom Payment is to be Made |
| --------------------------------------- | ----------------------- | ---------------------- | ------------- | ------------------------------------- |
| Utilities | $350 to $2,500 | As incurred | As incurred | Third-party vendors |
| (Note 13) | ||||
| Licensing Costs | $500 to $2,500 | As incurred | As incurred | State agencies |
| (Note 14) | ||||
| Data Feed Transmission | $250 to $3,000 | As incurred | As incurred | Third-party vendors |
| (Note 15) | ||||
| Additional Funds – 3 Months (Note 16) | $5,000 to $90,000 | As incurred | As incurred | Third-party vendors |
| MLS Fee (Note 17) | $0 to $10,000 | As incurred | As incurred | Us |
| DMS Fee (Note 18) | $125 | As incurred | Annually | Us |
| TOTAL (Note 19) | $64,475 to $443 |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–20)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the estimated initial investment for computers and software ranges from $2,500 to $10,000. This investment is due before opening and is to be paid to third-party vendors. Note 1 in Item 7 of the FDD states that these amounts assume you are an existing real estate brokerage company with approximately 50 affiliated real estate agents converting to a Christies International Real Estate Business. If you are a new real estate brokerage company, your costs will likely be higher than those included in Item 7.
Christies International Real Estate requires franchisees to use specific computer hardware, software, and systems, which may include designated vendors, potentially including Christies International Real Estate, its affiliates, or third parties. Even if a franchisee already possesses the required computer hardware, they may still incur costs to access the necessary software and systems, including Christies International Real Estate's proprietary technology.
Furthermore, to utilize certain functionalities of the proprietary software, franchisees or their agents might need to contract with third-party software providers, incurring additional fees. Alternatively, Christies International Real Estate may implement additional technology tools, processes, or systems, for which the franchisee will be responsible for covering the associated fees. This means the initial estimate could increase based on the specific technology solutions chosen and the number of agents requiring access.