When is the Missed Conference Fee due to Belocal?
Belocal Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee(1) | Amount | Due Date | Remarks |
|---|---|---|---|
| Missed Conference Fee (2) | $500 | On demand | Your Commission payment is determined, in part, by your attendance at required regional and/or national conferences. See Note 2. We may require you to attend regional and/or national conferences each year. If you do not attend at least one of the required conferences, you must pay us a Missed Conference Fee equal to $500. |
Source: Item 6 — OTHER FEES (FDD pages 14–31)
What This Means (2025 FDD)
According to Belocal's 2025 Franchise Disclosure Document, the Missed Conference Fee is due 'on demand'. If a Belocal franchisee does not attend at least one of the required regional and/or national conferences each year, they must pay Belocal a Missed Conference Fee of $500.
This fee structure incentivizes franchisees to attend the required conferences, which Belocal deems important for their business operations and potentially impacts their commission payments. The 'on demand' due date means that Belocal will invoice the franchisee for the fee, and payment is expected promptly upon receipt of the invoice.
Prospective franchisees should factor this potential $500 expense into their operating budget, understanding that it can be avoided by attending the required conferences. It is important to clarify with Belocal the specific requirements for conference attendance and the notification process for these fees to avoid any unexpected charges.