Where will the Christies International Real Estate business be operated from?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
ve agreed to grant you the right to develop and operate a licensed CHRISTIE'S INTERNATIONAL REAL ESTATE business subject to the terms and conditions of this Agreement (including all exhibits and related documents) and our Operations Manual.
AGREEMENTS
NOW, THEREFORE, for value received, you and we ("the Parties") agree as follows:
1. GRANT
- 1.1. Grant. Subject to the provisions contained in this Agreement, including all exhibits and related documents, and Operations Manual, we grant you a non-exclusive license to own and operate a CHRISTIE'S INTERNATIONAL REAL ESTATE business (the "Business"). The physical address of your Business ("Main Office") must be located within the Protected Territory and approved by us in writing before you can begin to operate your Business. Your Main Office and the Protected Territory are identified in Exhibit 1 to this Agreement. You may not relocate your Main Office without our prior written consent, as described in Section 5.2 of this Agreement.
- 1.2 Nature of the Protected Territory. Except as described below, and except as modified by Exhibit 1 (if applicable), neither we nor our affiliates will establish and operate, or grant licenses or franchises to others to establish and operate a CHRISTIE'S INTERNATIONAL REAL ESTATE business within the Protected Territory during the term of this Agreement, so long as you are in compliance with this Agreement. The license granted to you under this Agreement is personal in nature and shall only be used from the Main Office and any Additional Office authorized by us. Notwithstanding the preceding sentence, and subject to the terms of this Agreement, you shall have the right to offer and sell real estate brokerage services identified by the Marks through any other channels of distribution, including the Internet but excluding the metaverse. We reserve, maintain, and control all rights with respect to said metaverse. As used herein, "metaverse" means any 3D virtual space powered by technologies – including virtual reality, augmented reality, artificial intelligence, the Internet of Things, and blockchain – that allows people to interact with each other and to have lifelike experiences online.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, a franchisee's main office must be located within a protected territory and receive written approval from Christies International Real Estate before operations can begin. The specific physical address of the main office and the protected territory will be detailed in Exhibit 1 of the Broker Affiliate License Agreement.
A franchisee cannot relocate their main office without prior written consent from Christies International Real Estate, as outlined in Section 5.2 of the agreement. Furthermore, franchisees may open additional offices with prior written notification to Christies International Real Estate, but the franchisor reserves the right to reject the location of any proposed additional office.
The document emphasizes that franchisees must secure an approved site and can only operate the business from that accepted location. Before committing to a lease or purchase, franchisees must provide Christies International Real Estate with a copy of the proposed agreement and obtain written approval. If a franchisee fails to secure an approved site, Christies International Real Estate reserves the right to terminate the agreement.
Christies International Real Estate must provide written approval before a franchisee can commence business operations. Franchisees are also required to complete development and begin operations within 120 days of the agreement's effective date and install all required signage within 90 days of the effective date.