Source: FranopolisSperry
SPERRY is a commercial real estate brokerage franchise network that provides local firms with a shared brand and operational platform. Its brokerage clients include property owners, investors, landlords, tenants, and businesses involved in commercial property transactions across office, retail, industrial, multifamily, hospitality, land, and investment markets.
What It Costs
SourcesWhere Your Startup Money Goes
| Cost | Disclosed Amount | Source |
|---|---|---|
| Total investment low | $14,800 to $181,500 | 2025 FDD · PDF Page 21 TOTAL 1 0 $ 14,800 to $ 181,500 |
| Initial franchise fee low | $5,000 to $10,000 | 2025 FDD · PDF Page 20 Initial Franchise Fee 1 $ 5,000 to $ 10,000 |
Line items are shown as disclosed. Some costs overlap or apply to different formats; do not add them together without reviewing the source.
SourcesFees And Payment Terms
| Fee | Disclosed Terms | Source |
|---|---|---|
| Established Office XL minimum agents | for a combined minimum of 17 Real Estate Brokers or Agents and Junior Agents | 2025 FDD · PDF Page 17 |
| Initial franchise fee for 1–4 brokers/agents | The Initial Franchise Fee is either $ 10,000 (if the Office licensed under the Franchise Agreement employs or associates five or more “Real Estate Brokers and Agents”, as defined in the Franchise Agreement) or $ 5,000 (if the Office licensed under the Franchise Agreement employs or associates from one to four Real Estate Brokers and Agents). | 2025 FDD · PDF Page 15 |
| Late penalty rate for royalty override | 20% of the Royalty Override if not promptly reported | 2025 FDD · PDF Page 18 |
| Late penalty for other past-due amount | 10% of all other amount s past due | 2025 FDD · PDF Page 18 |
| Royalty override rate | a “Royalty Override” of 2% of the “Gross Commission Income” (or “GCI”) of your Office that is greater than $100,000 in a calendar year. | 2025 FDD · PDF Page 15 |
| Residential brokerage penalty rate | 50% of any resulting GCI | 2025 FDD · PDF Page 18 |
| Property management monthly fee first office | Monthly fee of $ 300 for your first franchised Office | 2025 FDD · PDF Page 17 |
| Transfer fee | Transfer Fee $1,000 | 2025 FDD · PDF Page 18 |
| Property management override rate | an override fee of 2% of revenues received from Property Management Services greater than $100,000 | 2025 FDD · PDF Page 17 |
| Audit cost high | Cost of audit (can range from $3,000 to $7,500) | 2025 FDD · PDF Page 18 |
| Audit cost low | Cost of audit (can range from $3,000 to $7,500) | 2025 FDD · PDF Page 18 |
| Late charge | Late Charge 5% of amount past due. | 2025 FDD · PDF Page 18 |
| Audit understatement threshold | understated Gross Revenues for any month by 5% or more | 2025 FDD · PDF Page 18 |
| Audit assembly hours threshold | more than eight hours | 2025 FDD · PDF Page 18 |
| Property management monthly fee each additional office | and $175 for your second and each additional franchised Office | 2025 FDD · PDF Page 17 |
| Lead referral fee percentage | 25% of the Gross Revenue earned from the lead | 2025 FDD · PDF Page 17 |
| Initial franchise fee for five or more brokers/agents | The Initial Franchise Fee is either $ 10,000 (if the Office licensed under the Franchise Agreement employs or associates five or more “Real Estate Brokers and Agents”, as defined in the Franchise Agreement) or $ 5,000 (if the Office licensed under the Franchise Agreement employs or associates from one to four Real Estate Brokers and Agents). | 2025 FDD · PDF Page 15 |
| Property management GCI threshold | greater than $100,000 | 2025 FDD · PDF Page 17 |
| Monthly royalty increase | Monthly Royalty will increase by 3% beginning January 1, 2026, and each succeeding 24 months thereafter | 2025 FDD · PDF Page 15 |
| Established Office agent threshold | each of the first 10 Real Estate Brokers or Agents and Junior Agents | 2025 FDD · PDF Page 16 |
| Maximum owner liability for royalty | maximum aggregate amount of Royalty any Principal Equity Owner would be obligated to pay during the initial term and during any renewal term ... is $10,000 | 2025 FDD · PDF Page 19 |
| Interest APR | Annual Percentage Rate (“APR”) of 18% 2 on the amount past due. | 2025 FDD · PDF Page 18 |
| Annual GCI threshold | greater than $100,000 in a calendar year | 2025 FDD · PDF Page 15 |
| Established Office XL royalty override | plus a “Royalty Override” of 1% of the GCI | 2025 FDD · PDF Page 17 |
| Established Office royalty override rate | a “Royalty Override” of 2% of the GCI | 2025 FDD · PDF Page 16 |
| Established Office XL maximum staff | up to a maximum of 75 Real Estate Brokers or Agents, Junior Agents and office staff members | 2025 FDD · PDF Page 17 |
Some fees apply only to a specific event or service. These are not all monthly expenses.
SourcesThe Franchise Network
SourcesReported At Year-End 2024
| Year | Franchised At Year-End | Company-Owned At Year-End | Total At Year-End | Source |
|---|---|---|---|---|
| 2022 | 57 | 4 | 61 | 2025 FDD · PDF Page 41 · Item 20 |
| 2023 | 55 | 4 | 59 | 2025 FDD · PDF Page 41 · Item 20 |
| 2024 | 54 | 3 | 57 | 2025 FDD · PDF Page 41 · Item 20 |
These are reported outlet counts, not available territories or a measure of profitability. A dash means a count is not available in this record.
Review The Source Figures
2022 Year-End Counts
Franchised 2022 54 57 +3
Company-Owned 2022 5 4 -1
Total Outlets 2022 59 61 +2
2023 Year-End Counts
Franchised 2023 57 55 -2
Company-Owned 2023 4 4 0
Total Outlets 2023 61 59 -2
2024 Year-End Counts
Franchised 2024 55 54 -1
Company-Owned 2024 4 3 -1
SourcesTotal Outlets 2024 59 57 -2
Inside The FDD
SourcesPlain-language summaries of the available FDD information. Each summary links to its source, with original excerpts available to review.
Sources
The Franopolis report provides the source research. FDD page references identify the supplied excerpts when available.
19Reported Business Results
The franchisor does not provide claims about future franchisee financial results or past results of its company-owned or franchised locations.
2025 FDD · PDF Page 40 · Item 19 · View Source
Read Source Excerpts
Source NotesWe do not make any representation about a franchisee’s future financial performance or the past financial performance of company - owned or franchised outlets.
20Franchise Locations
At the end of 2024, the FDD reports 54 franchised locations and 3 company-owned locations. These are reported locations, not a count of territories available to buy.
2025 FDD · PDF Page 41 · Item 20 · View Source
Read Source Excerpts
Find The Right Business For The Life You Want.
You don’t have to compare every brand on your own. A franchise consultant can help narrow your options and work through what ownership would ask of you.
Bring your questions about this brand, your priorities and the kind of business you want to run.
Your Role
Understand the hours, sales and people responsibilities behind the ownership model.
Your Shortlist
Spend less time sorting through brands and more time on options worth exploring.
Your Market
Check territory options with franchisors and identify the next questions to ask.
Keep Exploring
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