What is the franchisee acknowledging about their own abilities when signing the Christies International Real Estate agreement?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
You acknowledge and agree that by executing this Agreement you are agreeing to establish and operate an independent CHRISTIE'S INTERNATIONAL REAL ESTATE business, the success of which depends on, among other things, your individual ability to operate your business, attract and retain qualified agents and other personnel, and otherwise operate all phases of an independent business over which you will have substantial control.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, franchisees acknowledge that their success depends significantly on their own capabilities. By signing the franchise agreement, the franchisee is agreeing to establish and operate an independent Christies International Real Estate business.
The franchisee's individual ability to manage the business is critical, including attracting and retaining qualified agents and other personnel. Franchisees must effectively manage all aspects of their independent business, demonstrating substantial control over its operations.
Christies International Real Estate emphasizes that the relationship between the franchisor and franchisee is not that of principal and agent, nor is it a fiduciary relationship. Franchisees are not employees and will not receive wages or employee benefits; their income is solely derived from the profits of their business. The franchisee is responsible for all management, personnel, and training requirements, ensuring the business complies with all applicable laws. Franchisees also have the freedom to set their own prices, provided they adhere to any mandatory policies outlined in the Operations Manual regarding maximum or minimum charges.