Raine & Horne franchise: costs, fees and what to check before you buy

Raine & Horne dates back to 1883 and opened its first franchised office, in Liverpool NSW, in 1976. The network now counts more than 360 offices across Australia and overseas, with residential, commercial and rural businesses. Recent growth has come largely from offices converting from rival networks.

This guide explains the economics of a Raine & Horne office and what to check before joining or buying one.

Raine & Horne franchise at a glance

Established	1883
First franchise office	1976, Liverpool NSW
Network	More than 360 offices including overseas (2026 reporting)
Model	Franchise; offices independently owned
Fees	Set out in the disclosure document, typically linked to commission
Regulation	State and territory licensing and trust account rules

Figures come from the public sources listed at the end of this guide and can change. Treat them as a starting point and confirm current numbers in the franchise disclosure document.

How the Raine & Horne model works financially

A Raine & Horne office earns sales commission and property management income. Network fees and levies usually come off gross commission before agent payments. The recurring rent roll is often the most valuable asset in the business.

If you are converting an existing agency, model the change carefully: rebranding costs, any new technology fees and the effect on agent retention can all change your margin in the first year.

The numbers to test before you buy a Raine & Horne franchise

• Gross commission income (GCI) by sales and property management, for at least three years.
• Rent roll size, fees per managed property, churn and the age of the management agreements.
• Agent splits and retainers, and how dependent the office is on one or two top agents.
• Franchise fees, royalties, marketing levies and technology fees as a share of GCI.
• Trust account records and audit reports, and any compliance findings.
• Lease, staffing and licensing requirements for the licensee in charge.

Buying an existing Raine & Horne office

When buying an existing Raine & Horne office, check the franchise agreement term and transfer conditions. Ask for a property-level rent roll schedule, trust account audits and agent agreements. A rent roll priced as a multiple of income should come with a retention period or adjustment.

How Franchise Co. can help with a Raine & Horne purchase

We work with buyers and owners of franchise businesses across Australia. For a Raine & Horne office we can:

• Review the numbers before you sign. Our business due diligence starts from $2,000 + GST and tests GCI, rent roll quality, agent splits and trust account compliance.
• Set up the structure and the books. Entity choice, GST, payroll and a chart of accounts that separates sales commission, property management income and agent payments. See accounting and tax and bookkeeping, BAS and payroll.
• Check your franchise fees. We reconcile royalties, marketing and technology fees to the sales they’re calculated on. See royalties and franchise fees.
• Plan the next office. If a second site is on the cards, we model the cash flow and funding first. See multi-site reporting.

Talk to us about a Raine & Horne franchise

Raine & Horne franchise FAQs

Franchise Co. is an independent accounting practice. We aren’t affiliated with, endorsed by or connected to Raine & Horne. Raine & Horne is a trademark of its owner and is used here only to identify the brand this guide discusses.

Sources and further reading

• Raine & Horne: history
• Elite Agent: Raine & Horne marks 50 years of franchising
• ACCC: Franchise disclosure document

Sources checked November 2026. Franchise costs and fees change. Confirm current figures with the franchisor before acting.

This guide is general information for people considering a franchise in Australia. It doesn’t take your circumstances into account and isn’t personal tax, legal or financial advice.