Member-only story
How can your business grow exponentially? How JPAR Made it by Focusing on Dedicated Leadership
JP & Associates Realtors (JPAR) agency, which was founded in 2011, just as real estate markets were reviving from the 2008 debt crisis, is growing exponentially despite the current crisis. The team expanded its real estate empire out of Dallas, Texas, riding the wave of last decade’s real estate boom. With good governance, JPAR has grown its franchise to 19 states to date. How can RE agencies grow in similar ways?
Franchise as a Solution to Territorial Growth
JPAR opened its business to franchise in 2018 and achieved its expansion in just a couple of years. But the plan won’t stop here. JPAR hopes to keep that pace and reach all 50 states by 2023. Having a clear business model that can work in multiple states or be adjusted based on the local trends, market, and governance is key to US-wide growth. To foster growth, JPRA offers detailed guidance on opening an office and deploying the successful realtors business model. With the model of building a full-service, quickly profitable brokerage, JPAR managed to earn recognition as one of the top 10 franchises in the USA, and the fastest-growing brokerage for 2019.
JPAR is all about building a working model, and each new franchisee gains access to detailed startup materials. The franchise was created with a full-time brokerage in mind, aiming for fail-proof governance and mentorship. The expansion invites anyone not happy with their current job or another brokerage to join.