What is the effective date of the Location Addendum for Better Homes And Gardens Real Estate?

According to the 2025 Better Homes And Gardens Real Estate Franchise Disclosure Document, the Location Addendum to the Franchise Agreement becomes effective on the date it is executed by Better Homes And Gardens Real Estate LLC, referred to as the "Effective Date." This addendum is used when a franchisee seeks to open a branch office at a new location and outlines the terms and conditions specific to that new office, amending the original Franchise Agreement accordingly.

This means that the franchisee's rights and obligations under the Location Addendum, such as those related to the new office's location, commencement date, initial franchise fee, and Brand Marketing Fund contributions, are legally binding from the date Better Homes And Gardens Real Estate signs the addendum. The addendum modifies the existing Franchise Agreement to incorporate the specifics of the new branch office.

Prospective franchisees should pay close attention to this effective date, as it marks the point from which they are bound by the addendum's terms. It is also important to ensure that all details in the addendum, such as the New Office Opening Date and any financial obligations, are clearly defined and understood before the franchisor executes the document. Franchisees should also be aware of how the Brand Marketing Fund contributions are governed by the original agreement and subject to annual adjustments.