As a Christies International Real Estate franchisee, will I earn wages or receive employee benefits?
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.
As an independent business owner, you agree that: (i) the relationship created by this Agreement is not a relationship between principal and agent, or that it is a fiduciary relationship; (ii) you are not our employee and will not earn any wages, nor be eligible for or receive any of the other benefits normally provided to employees, but rather your income will solely be the profits you earn from the operation of your Business; (iii) we are not the employer or coemployer of any employee that you hire; (iv) except as set forth herein, all management, personnel, and training requirements are at your discretion and are your responsibility; (v) you are responsible for ensuring that your Business operates in accordance with the law of the state, county, city, and town in which you operate; (vi) you alone are permitted to contract with your customers and you are required to sign all contracts and agreements, including purchase agreements, using your independent business name; (vii) you are free to set the prices you charge your customers, so long as those charges comply with any and all mandatory policies we prescribe in the Operations Manual relating to maximum or minimum charges; and (viii) we shall not be liable for damages to any person or property arising directly or indirectly out of your operation of your Business nor shall we be liable for any taxes, assessments, fines or penalties levied upon you or your Business arising out of your Business.
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 are considered independent business owners and will not receive wages or employee benefits from the franchisor. As stated in Item 23, the franchisee's income will solely be the profits earned from operating their Christies International Real Estate business.
This means that franchisees are responsible for their own compensation and benefits, as well as those of their employees. Christies International Real Estate is not the employer or co-employer of any employees that the franchisee hires. The franchisee has substantial control over their business and is responsible for attracting and retaining qualified agents and other personnel.
This arrangement is typical in franchising, where franchisees operate as independent entities. Prospective franchisees should carefully consider the financial implications of being an independent business owner, including the need to manage their own income, benefits, and taxes. They should also be prepared to handle all management, personnel, and training requirements for their business, as these are their sole responsibility.