Besides applicable laws, what other rules must a Christies International Real Estate franchisee comply with?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
In addition to your compliance with applicable laws, you must comply with the rules and regulations of the state and local boards of realtors within the geographic area you operate the Business, however, you are not required to comply with any codes, standards, rules, or regulations should they potentially violate any state or federal antitrust or unfair competition laws.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 7–11)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, franchisees must comply with specific rules and regulations beyond general legal requirements. Franchisees must adhere to the rules and regulations set by state and local boards of realtors within their operating area. However, Christies International Real Estate franchisees are not required to comply with any codes, standards, rules, or regulations should they potentially violate any state or federal antitrust or unfair competition laws.
This means that while franchisees need to be aware of and follow the guidelines established by real estate boards, they are protected from adhering to any rules that might lead to anti-competitive practices. This is a notable exception, as strict adherence to all local regulations could sometimes inadvertently create situations that violate broader competition laws.
For a prospective Christies International Real Estate franchisee, this implies a need to stay informed about both real estate board regulations and antitrust laws. It would be prudent to consult with legal counsel to ensure full compliance and to navigate any potential conflicts between local real estate rules and federal or state competition laws. This balance is crucial for operating a successful and legally sound Christies International Real Estate franchise.