What is the Christies International Real Estate franchisee referred to as in the agreement?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- The CHRISTIE'S INTERNATIONAL REAL ESTATE Affiliates that commenced operation prior December 1, 2021 operate under license agreements designated as "Participating Broker Agreements" or "PBAs." All independent CHRISTIE'S INTERNATIONAL REAL ESTATE licensees, or independent CHRISTIE'S INTERNATIONAL REAL ESTATE businesses, are referred to as "Affiliates." For the purposes of this Disclosure Document, and in particular this Exhibit F, these Affiliates are referred to as "franchisees" or "franchised outlets".
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, independent Christies International Real Estate licensees or businesses are referred to as "Affiliates." For the purposes of the FDD, these Affiliates are also referred to as "franchisees" or "franchised outlets".
This means that within the legal context of the Franchise Disclosure Document, the terms "Affiliate," "franchisee," and "franchised outlets" are used interchangeably to describe those who operate a Christies International Real Estate business under a license agreement. This is important for prospective franchisees to understand, as the FDD may use any of these terms when discussing rights, obligations, or other aspects of the franchise relationship.
Specifically, the document notes that Affiliates who commenced operation prior to December 1, 2021, operate under license agreements designated as "Participating Broker Agreements" or "PBAs." This detail could be relevant for franchisees who may be considering purchasing an existing Christies International Real Estate business that was established before this date, as the terms of their agreement might differ slightly from newer franchise agreements.