How does Better Homes And Gardens Real Estate require franchisees to make payments?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
For purposes of the New Office, the requirements to 4 pay Brand Marketing Fund ("BMF") contributions will be governed by the Agreement (subject to annual adjustment under the Agreement).
The BMF contribution for each month is due within twenty (20) days after being invoiced.
Source: Item 22 — CONTRACTS (FDD page 76)
What This Means (2025 FDD)
According to the 2025 Franchise Disclosure Document, Better Homes And Gardens Real Estate franchisees are required to pay Brand Marketing Fund (BMF) contributions. The BMF contribution for each month is due within twenty (20) days after being invoiced. This payment schedule applies specifically to new branch offices added under the franchise agreement.
This means that as a Better Homes And Gardens Real Estate franchisee, you will receive a monthly invoice for your Brand Marketing Fund contributions. You are then obligated to remit payment within 20 days of the invoice date. Failing to make timely payments could result in penalties or a breach of the franchise agreement.
It is important for prospective franchisees to understand the payment terms and ensure they have sufficient cash flow to meet these obligations. Understanding the specific amount and frequency of these payments is crucial for budgeting and financial planning. Franchisees should also clarify with Better Homes And Gardens Real Estate whether there are any specific payment methods required or preferred.