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The
Birth of a Revolution?![]() ![]()
is one of the most closely followed real estate franchises in the world. In
1965, the company first drew attention as the originator of the 100 percent
commission concept. Today, phenomenal franchise growth and a unique franchise
development strategy are creating even more interest in ![]() .
Since
its dramatic beginning in Phoenix, Arizona, more than 35 years ago, the
company has become one of the fastest growing franchises in any industry.
Publications like Entrepreneur, Success and Inc. Magazine have recently
ranked But,
how did it all begin? Dale Rector is the visionary who founded By the 1960's, Dale Rector was a real estate professional who had worked for traditional real estate firms in Colorado and in Arizona. But he was unhappy. He had a number of grievances that weren't easily solved: a) His commission splits were used to train and support new recruits, rather than provide him with new and better support services. b) Inexperienced floor people were encouraged to respond to inquiries on his listings. c) He was expected to spend valuable field hours on office work. d) He was required to share commission checks on his own property purchases with the broker. e) He had no advertising control over his own listings. Dale didn't sit still or complain for long. He opened his own split-commission firm. Soon he found himself becoming overly involved with the administrative duties essential to a smoothly run office. He also had to relinquish the selling time he had always enjoyed. Not surprisingly, Dale found his top sales associates frustrated with the split-commission system for the exact reasons he had been. Eventually, some would leave his office just as Dale had done earlier in his career. The industry needed a change. How could he ensure that the top producers could work free from administrative duties and also free the office of deadwood? In 1965,
Dale Rector became the first man in the nation to open a 100 percent commission
office, Each
year, sales volume and the number of associates have grown - proof of the
concept’s wide acceptance and success. Bur
Through
Dale Rector's vision and dedication to his new concept, the real estate
industry has experienced a major change—an alternative to traditional operations
that have hindered the real estate profession for many years.
An Environment for Professionals
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