How does the All County Franchise Agreement define 'Broker of Record'?

According to All County's 2025 Franchise Disclosure Document, the 'Broker of Record' is defined as the designated real estate broker who is duly registered with the state authorities in any state in which the franchisee will be operating the Franchise Business, if required by the state or jurisdiction.

In essence, this definition clarifies that if a state or local jurisdiction requires a real estate broker to be officially registered, the 'Broker of Record' for the All County franchise must fulfill this requirement. This ensures that the franchise operates in compliance with local real estate regulations.

For a prospective franchisee, this means they need to determine whether the state or jurisdiction where they plan to operate their All County franchise requires a registered real estate broker. If so, they must ensure that the designated 'Broker of Record' meets all registration requirements. This could involve the franchisee themselves obtaining the necessary registration or hiring a qualified individual who is already registered.