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Home FAQs Faqs

Faqs

General

What does ERA stand for?
ERA stands for Electronic Realty Associates.

What is ERA Middle East and how does it operate?
ERA Middle East is the Master Franchisee for ERA Real Estate Franchise Systems tm in the Middle East, and is owned and operated by AQAR Middle East. The company was established as a joint stock company in March 2004 in the Dubai Free Zone Area. ERA Real Estate is one of the world's leading real estate brokerage franchise companies, with more than 38,000 real estate brokers in over 3,000 offices worldwide, spanning the U.S.A. and 50 other countries. ERA Middle East has launched its unique services in the Middle East and has started the sale of its franchising network in the Middle Eastern market.

The company operates through the sale of master country franchises (establishing a country head office and recruiting qualified investors/partners while itself investing a significant percentage of capital) which in turn sell the ERA Franchisee License to eager investors who wish to launch and operate their own ERA Real Estate Brokerage firms.

Franchising

What is franchising?
A franchise is a legal and commercial relationship between the owner of a trademark, service mark, trade name or advertising symbol and an individual or group seeking the right to use that Identification in a business. The franchise agreement governs the method for conducting business between the two parties.

What can a franchise do for me that I cannot do for myself?
A franchise is already a functioning business system. While entrepreneurs must utilize thousands, millions or even billions of dollars in order to set up a profitable business model, a franchisee can step into an already established concept, with much less risk for failure involved. For example, are you aware that as many as 80% of new business start-ups fail each year? An already functioning business model will put you heads and shoulders above the novice entrepreneur who not only needs to generate profits, but also needs to develop a profitable business model.

Real Estate

Why should I use a real estate agent?
A real estate agent is more than just a "sales person." They act on your behalf as your agent, providing you with advice and guidance and doing a job - helping you buy or sell a home. Due to the fast changing market, the data on available listings is not 100% accurate. There are times when you need the most current information about what has sold or is for sale, and the only way to get that is with an agent.

Why ERA?
More than anything else ERA is distinguished by its vast range of services and its unparalleled expertise into the various disciplines of Real Estate. For more than thirty year, the ERA brand has been built on a commitment to excellence and complete customer satisfaction. With its expansion in the region ERA is distinguishing its five major services: ERA Commercial, ERA Residential, ERA Appraisal, ERA Property Management, ERA Mortgage. Quality, innovation, leadership, excellence, these are the values we have instilled into each of our services and the values which our client have come to expect. The ERA Brand continues to expand in the region, in its quest to satisfy another client needs and goals, through the excellence of its people. That's why ERA Agents, Consultants and Management are the most highly trained professionals in the region, with training from the world's elite real estate institutions, ERA continues to invest heavily in the tools and people that keep today's clients coming back again and again.

What would I benefit if I list my property with ERA?
By listing your property with us, we guarantee to accurately price your property and to create the maximum marketing exposure for it through:

  • Photograph your home for marketing and promotional use.
  • Place an ad for your home in one of the leading national newspapers.
  • Arrange for an open house for your home at least once during the period of your agreement (available for homes where an Open House is applicable).
  • Submit a photo and a description of your home in ERA Egypt's Monthly Magazine, at least once during the period of your agreement.
  • Provide you with Yard and Building Signs for your home.
  • Contact you regularly to report the selling progress of your home, and review your competitive selling position every 30 days.

What is an exclusive listing?
A written contract between the property owner and a real estate broker, whereby the owner promises to pay a fee or commission to the broker if certain real property of the owner is sold during a stated period, regardless of whether the broker is or is not the cause of the sale. The broker promises to put forth his or her best efforts to sell the property, and make specific promises as to advertising and other promotion in certain instances.

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