Business Description

GMAC HOME SERVICES is one of the nation's largest real estate organizations, delivering Premier Service to home buyers and sellers through its three operating companies - GMAC Real Estate, GHS Mortgage and GMAC Global Relocation Services. Backed by the resources of industry giant General Motors, the GMAC HOME SERVICES network has more than 1,300 franchised and owned residential real estate offices throughout the United States.

Franchisor Background

Year Established:  1998

Franchising Since:  1998

Operating Units:
Franchised Units:	1,300	93.4%
Company-Owned Units:	92	6.6%
Total Operating Units:	1,392	100.0%
Geographic Distribution: U.S.: 1,360 97.7% In 50 States Canada: 32 2.3% In 5 Canadian Provinces International: 0 0% In 0 Foreign Countries   Total: 1,392 100.0%

North America:
States/Provinces with the largest number of operating units:

Density	Units
1. California	114
2. Florida	86
3. Texas	83

Registered in Following Registration States: California, Florida, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Oregon, Rhode Island, South Dakota, Virginia, Washington, Wisconsin, District Of Columbia

Financial Requirements

Investment:
Minimum Net Worth:	$
Cash Investment:	$
Total Investment:	$
Average Total Investment:	$80K
Fees:
Initial Franchise Fee:	$7.5-20K
Average Franchise Fee:	$14K
On-Going Royalty:	Varies
Average Royalty:	-1%
Advertising Fee:	Varies

Average Number of Employees: 4 Full-time, 0 Part-time

Space Needs (in square footage): 1,800

Preferred Sites:

Other Sites:

Encourage Conversions? Yes

Earnings Claims Provided?: No

Franchisee Qualifications
Ranked from 1 (unimportant) to 5 (important):
Financial Net Worth:	4
General Business Experience:	4
Specific Industry Experience:	4
Formal Education:	4
Psychological Profile:	3
Personal Interview(s):	4
Terms of Contract
Term of Initial Contract:	5/7/10 Year(s)
Term of Renewal Period:	Year(s)
Passive Ownership:	Allowed
Area Development Agreements?	No
Sub-Franchising Contracts?	No
Franchisees Allowed to Expand Within Territory?	No
Support and Training
International Franchise Association:	Yes
Canadian Franchise Association:	No
Franchisee Association/Member:	No
Size of Corporate Staff:	45
Site Selection Assistance?	No
Lease Negotiation Assistance?	No
Financial Assistance?	Yes, Direct
Marketing Support:
Co-Op Advertising:	No
National Advertising:	No
Regional Advertising:	No
Local Advertising:	No
Marketing Materials:	None Specified
Additional Services:	None Specified
Other Marketing Support:	None Specified
On-Going Support:
Central Data Processing:	Not Applicable
Central Purchasing:	Not Applicable
Field Operation Evaluation:	Included in Fees
Field Training:	At Additional Cost
Initial Store Opening:	Included in Fees
Inventory Control:	Not Applicable
Franchisee Newsletter:	Included in Fees
Regional or National Meetings:	Included in Fees
800 Telephone Hotline:	Included in Fees
Training:
1. Oak Brook, IL
Expansion Plans
Projected New Units Over Next 12 months: 28 U.S.: Yes, All United States Canada: Yes, All Canada Overseas: Yes, Europe	Request Franchisor Info   Submit an online form to receive information from GMAC Home Services.