According to Christies International Real Estate's 2025 Franchise Disclosure Document, Exhibit K contains two copies of the Receipt of the Disclosure Document. This receipt confirms that the prospective franchisee received the FDD, which is a critical step in the franchise sales process.

The FDD includes a summary of the License Agreement and other information. Franchisees are expected to read the disclosure document and all agreements carefully. Christies International Real Estate must provide the disclosure document to the franchisee 14 calendar days before signing a binding agreement or making a payment.

Certain states have specific requirements regarding the delivery of the Disclosure Document. For example, Iowa requires that the document be given at the earlier of the first personal meeting or 14 calendar days before signing an agreement or making a payment. Michigan requires at least 10 business days before signing any agreement or payment of any consideration, whichever occurs first. New York requires the earlier of the first personal meeting or 10 business days before the execution of the franchise agreement or payment of consideration.

If Christies International Real Estate does not deliver the disclosure document on time, or if it contains false or misleading statements, or material omissions, it could be a violation of federal and state laws. This should be reported to the Federal Trade Commission and the state agency listed on Exhibit B.