According to the 2025 Christie's International Real Estate FDD, Exhibit 1 pertains to the Christie's International Real Estate Broker Affiliate License Agreement. Specifically, it outlines key details such as the main office location, the franchisee's protected territory, royalty obligations, minimum performance requirements, and other essential information relevant to the franchise agreement.

This exhibit is crucial for prospective franchisees as it defines the geographic area where Christie's International Real Estate will not establish or authorize other franchises, offering a degree of exclusivity. It also specifies the financial obligations through royalty terms and sets performance benchmarks that the franchisee must meet to remain in compliance with the agreement. Understanding these elements is vital for assessing the potential profitability and operational requirements of the franchise.

Furthermore, Exhibit 1, as referenced in section 1.4, is where any additional offices that do not require franchisor approval are listed. This exhibit is an integral part of the Christie's International Real Estate agreement, as it contains information that directly impacts the franchisee's operational scope, financial responsibilities, and growth potential. Reviewing this exhibit carefully is essential for any potential franchisee to fully understand their rights and obligations under the franchise agreement.