factual

What is the Christies International Real Estate Broker Affiliate also referred to as?

Christies_International_Real_Estate Franchise · 2025 FDD

Answer from 2025 FDD Document

  • The CHRISTIE'S INTERNATIONAL REAL ESTATE Affiliates that commenced operation prior December 1, 2021 operate under license agreements designated as "Participating Broker Agreements" or "PBAs." All independent CHRISTIE'S INTERNATIONAL REAL ESTATE licensees, or independent CHRISTIE'S INTERNATIONAL REAL ESTATE businesses, are referred to as "Affiliates." For the purposes of this Disclosure Document, and in particular this Exhibit F, these Affiliates are referred to as "franchisees" or "franchised outlets".

Source: Item 23 — RECEIPT (FDD pages 54–177)

What This Means (2025 FDD)

According to the 2025 Christies International Real Estate Franchise Disclosure Document, a Christies International Real Estate Broker Affiliate can also be referred to as a "Broker Affiliate" or simply an "Affiliate". This terminology is used throughout the agreement to describe the relationship between Christies International Real Estate, LLC and the individual or entity that is granted the right to operate a licensed Christies International Real Estate business.

For a prospective franchisee, understanding this terminology is crucial as it appears frequently in the legal documents and operational manuals governing the franchise. Knowing that "Broker Affiliate" and "Affiliate" are interchangeable terms for the franchisee helps in interpreting the rights, responsibilities, and obligations outlined in the franchise agreement.

Furthermore, the FDD clarifies that independent Christies International Real Estate licensees or businesses are also referred to as "Affiliates". For the purposes of Exhibit F in the FDD, these Affiliates are referred to as "franchisees" or "franchised outlets". This additional clarification ensures that all parties involved understand the different ways in which the franchisee may be referenced within the documentation, promoting clarity and avoiding confusion.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.