What is the purpose of Exhibit 2 in the Christies International Real Estate FDD?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, Exhibit 2 contains the Automatic Bank Draft Authorization form. This form likely authorizes Christies International Real Estate to automatically withdraw payments from the franchisee's bank account for fees, royalties, or other amounts owed under the franchise agreement.

For a prospective Christies International Real Estate franchisee, this means they will need to complete and submit this form to facilitate electronic payments to the franchisor. Automatic bank drafts are a common practice in franchising as they ensure timely payments and reduce administrative burdens for both the franchisee and franchisor.

Franchisees should carefully review the terms of the Automatic Bank Draft Authorization, including the amounts to be drafted, the frequency of drafts, and the procedures for modifying or canceling the authorization. Understanding these details is crucial to managing their finances and maintaining a good relationship with Christies International Real Estate.