What is the Christies International Real Estate franchisee representing regarding their reading of the agreement?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT K
TO THE CHRISTIE'S INTERNATIONAL REAL ESTATE FDD RECEIPTS
RECEIPT
This disclosure document summarizes certain provisions of the License Agreement and other information in plain language. Read this disclosure document and all agreements carefully.
If Christie's International Real Estate, LLC offers you a franchise, we must provide this disclosure document to you 14 calendar days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale.
Iowa requires that we give you this Disclosure Document at the earlier of the first personal meeting or 14 calendar days before you sign a binding agreement with, or make a payment to, the franchisor or an affiliate in connection with the proposed franchise sale.
Michigan requires that we give you this Disclosure Document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
New York requires that we give you this Disclosure Document at the earlier of the first personal meeting or 10 business days before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship.
If we do not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal law and State law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and the state agency listed on Exhibit B.
The franchisor is Christie's International Real Estate, LLC located at 806 N. Peoria St., Chicago, Il 60642. Its telephone number is (312) 254-0200. Its franchise and Affiliate development office, and franchise sellers, are located at 806 N. Peoria, Chicago, IL 60642.
Issuance Date: April 30, 2025
The franchise seller for this offering is:
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate Franchise Disclosure Document, the receipt included as Exhibit K states that the document summarizes certain provisions of the License Agreement and other information in plain language. The receipt emphasizes the importance of carefully reading both the disclosure document and all related agreements.
Christies International Real Estate is obligated to provide the disclosure document to prospective franchisees within specific timeframes. Specifically, the document must be provided 14 calendar days before signing a binding agreement or making any payment related to the franchise sale. Certain states, such as Iowa, Michigan, and New York, have their own specific requirements regarding the timing of disclosure, which may involve earlier deadlines based on the first personal meeting or other criteria.
The receipt also informs the prospective franchisee of their rights in case of late delivery, false statements, misleading information, or material omissions in the disclosure document. In such cases, a violation of federal and state laws may have occurred, which should be reported to the Federal Trade Commission and the relevant state agency listed in Exhibit B.
This receipt serves as an acknowledgment that the franchisee has been informed of the importance of carefully reviewing all documents and of their rights and protections under federal and state franchise laws. It also provides contact information for Christies International Real Estate, LLC, including their address and telephone number, as well as the location of their franchise and Affiliate development office and franchise sellers.