When is the Renewal Fee due for a Christies International Real Estate franchise?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
OTHER FEES**
| Fee (Note 1) | Amount (Note 2) | Due Date | Remarks |
|---|---|---|---|
| Royalty Fee | 3% to 6% of Gross Revenues, depending on whether your Protected Territory is exclusive and other factors | Monthly | Paid via Ele |
Source: Item 6 — OTHER FEES (FDD pages 14–17)
What This Means (2025 FDD)
According to Christies International Real Estate's 2025 Franchise Disclosure Document, the Renewal Fee is due upon notice of intent to renew. The Renewal Fee is $1,000. This means that if a franchisee wishes to extend their franchise agreement with Christies International Real Estate, they must pay the $1,000 fee at the time they inform the company of their intention to renew the agreement.
Franchise agreements typically have a specific term, and renewal is not automatic. The franchisee must proactively notify Christies International Real Estate of their desire to continue the franchise relationship. This notification triggers the requirement to pay the Renewal Fee. It is important for prospective franchisees to factor this fee into their long-term financial planning, as it represents a cost associated with continuing the franchise beyond the initial term.
It is also important to note that the FDD states that all fees are uniformly imposed and collected, paid to Christies International Real Estate, and are non-refundable, unless otherwise specified. Therefore, the Renewal Fee of $1,000 is non-refundable. Franchisees should carefully consider their decision to renew, as the fee will not be returned even if they later decide not to proceed with the renewal.