What does my authorization permit Christies International Real Estate to do regarding my bank account?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, Exhibit 2 is titled "Automatic Bank Draft Authorization." While the title suggests that franchisees will authorize Christies International Real Estate to draft from their bank accounts, the document does not specify the exact details of this authorization.

It is common practice for franchisors to utilize automatic bank drafts for collecting fees such as royalty fees and advertising fees. This ensures timely payments and reduces administrative burdens for both the franchisee and franchisor.

Prospective franchisees should carefully review Exhibit 2 and discuss with Christies International Real Estate the specific terms of the Automatic Bank Draft Authorization. This includes understanding which fees will be collected via automatic draft, the frequency of these drafts, and the procedures for resolving any discrepancies or issues related to these transactions. Understanding these details is crucial for managing cash flow and maintaining a healthy financial relationship with the franchisor.