What laws must be complied with during the transfer of a Christies International Real Estate franchise?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- **5.14.
Compliance with Laws and Good Business Practices**.
You must secure and maintain in force all required licenses, permits and certificates relating to the operation of the Business and must operate the Business in full compliance with all applicable laws, ordinances and regulations.
You must ensure the Responsible Broker and all other employees and agents obtain and maintain, for the duration they are affiliated with the Business, all licenses, permits, certifications required by applicable law.
You must comply with all laws and regulations relating to privacy and data protection and must comply with any privacy policies or data protection and breach response policies we periodically may establish.
You must notify us in writing within 24 hours of the commencement of any action, suit, proceeding or investigation, and of the issuance of any order, injunction, or award of decree by any court, agency, or other governmental instrumentality, that may adversely affect the operation or financial condition of you or the Business.
You must notify us immediately of any suspected data breach at or in connection with the Business.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
The 2025 Franchise Disclosure Document for Christies International Real Estate requires franchisees to operate their business in full compliance with all applicable laws, ordinances, and regulations. This obligation extends to securing and maintaining all required licenses, permits, and certificates necessary for the business's operation.
Christies International Real Estate also mandates that the Responsible Broker, along with all other employees and agents, must obtain and maintain all licenses, permits, and certifications required by applicable law throughout their affiliation with the business. Furthermore, franchisees must adhere to all laws and regulations pertaining to privacy and data protection, including compliance with any privacy policies or data breach response policies established by Christies International Real Estate.
In addition to general legal compliance, the Franchise Agreement stipulates that franchisees must notify Christies International Real Estate in writing within 24 hours of any action, suit, proceeding, or investigation that may adversely affect the operation or financial condition of the franchisee or the business. Franchisees are also required to immediately report any suspected data breach at or in connection with the business. These requirements ensure that Christies International Real Estate franchisees operate ethically and legally, protecting both the brand and the franchisee from potential legal issues.