What is the potential range of the MLS implementation fee for Christies International Real Estate?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
tion to your "Main Office" identified in Paragraph 1 above, the following offices:
(1)
We agree to permit you to continue to operate from [this/these __] other office[s].
11. Software Integration.
- Addresses for Notices.
- (i) You acknowledge and agr
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, if MLS feeds are required as part of the proprietary software/technology integration, the MLS implementation fee will range from $5,000 to $10,000 per feed. These fees and the specific MLSs will be detailed in a separate written agreement.
For a prospective Christies International Real Estate franchisee, this means that integrating MLS feeds into their system could incur a significant upfront cost. The exact amount will depend on the number of MLS feeds needed, as the fee applies to each feed individually. This cost is in addition to the $125 annual fee per agent for the use of the Deal Management System (DMS), which includes forms.
It is important for potential franchisees to understand the scope of MLS feeds required for their territory and budget accordingly. They should also inquire about the specifics of the separate written agreement, including the payment terms and any potential ongoing costs associated with maintaining the MLS feeds. This will help in accurately forecasting the initial investment and operational expenses for the franchise.