What is the estimated range for the MLS fee for a Christies International Real Estate franchise?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure (Note 1) | Estimated Amount | Method of Payment | When Due | To Whom Payment is to be Made |
|---|---|---|---|---|
| MLS Fee (Note 17) | $0 to $10,000 | As incurred | As incurred | Us |
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- MLS Fee.
We charge a fee in the range of $5,000 to $10,000 to add additional MLS feeds not added during the initial proprietary software setup.
This amount ranges based on the amount that the individual MLS charges for setup.
These fees will be shared with you and approved by you prior to being charged.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 17–20)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the estimated initial investment for the MLS fee ranges from $0 to $10,000. This fee is paid to Christies International Real Estate as incurred. Note 17 of Item 7 in the FDD clarifies that Christies International Real Estate charges a fee in the range of $5,000 to $10,000 to add additional MLS feeds not added during the initial proprietary software setup. This amount ranges based on what the individual MLS charges for setup. These fees will be shared with you and approved by you prior to being charged.
For a prospective Christies International Real Estate franchisee, this means that the cost for MLS access can vary significantly. The initial setup may or may not incur a charge, but adding additional MLS feeds later will likely cost between $5,000 and $10,000. This depends on the charges from the individual MLS and requires the franchisee's approval before being charged.
It's important for potential franchisees to understand these costs and factor them into their initial budget. The FDD also mentions a separate "MLS Data Feed Transmission" fee, estimated between $250 and $3,000, paid to third-party vendors. This is different from the MLS Fee paid to Christies International Real Estate for additional MLS feeds. Understanding the distinction between these fees is crucial for accurate financial planning. Franchisees should discuss with Christies International Real Estate the specifics of MLS access and associated costs in their target market to get a more precise estimate.