Transworld Business Advisors is based in the business brokerage field, which can be highly complex.
Transworld wants franchisees to be successful, so training and support are provided to ensure that all franchisees have an in-depth understanding of the industry and how business real estate transactions work. Franchisees receive comprehensive training and support, but real estate training and licensing are also recommended (and required in some states).
New Transworld Business Advisors franchisees train for one week at United Franchise Group’s headquarters in West Palm Beach, Florida. During this week, franchisees learn about business brokerage, franchise consulting, and franchise development. Franchisees learn about which franchise concepts the company works with and how to match investors to a concept.
Franchisees also learn about business brokerage and working with buyers and sellers to make sure that everyone involved gets the best deal. Franchisees learn the basics of the real estate transaction process and how to work with clients to make sure that all needs are met. Classroom instruction also touches on working with successful business owners that wish to begin franchising.
Real Estate Licensing
Only a few states require business brokers to obtain a real estate license, which is a good practice even in states that don’t require it. To obtain a real estate license, franchisees must receive a certain number of hours of classroom instruction and pass a real estate examination. Since the process of buying and selling real estate can be complex and can vary from state to state, obtaining real estate instruction can assist franchisees in better understanding requirements and details of the industry.
After Transworld Business Advisors franchisees receive initial training and meet the requirements for real estate licensing, a corporate representative is sent to the new franchise area for a few days. During this time, the representative works directly with the new franchisee to find sellers, work with buyers, and get listings. Having a mentor while learning the ropes helps franchisees to feel more comfortable and confident, while getting hands-on experience with processing transactions and working with clients.
Transworld Business Advisors franchisees receive continuous training, support, and notifications regarding industry changes. The highly interactive nature of the proprietary software that is provided to franchisees makes it easier for franchisees to stay up-to-date on pertinent industry facts and happenings, as well as the latest listings for the area. If franchisees have a question or concern, there is also a vast network of industry experts available through both Transworld Business Advisors and United Franchise Group that can provide assistance.