Who is responsible for penalties associated with the transfer of funds to Christies International Real Estate?

According to Christies International Real Estate's 2025 Franchise Disclosure Document, the franchisee is responsible for any penalties, fines, or similar expenses associated with the transfer of funds to Christies International Real Estate. This means that if a franchisee incurs any charges or penalties from their bank or other financial institution when sending royalty fees or other payments to Christies International Real Estate, the franchisee must cover those costs themselves.

This allocation of responsibility is fairly standard in franchising. Franchise agreements typically stipulate that franchisees are responsible for covering their own banking and transaction fees. This ensures that Christies International Real Estate receives the full amount owed without having to account for deductions due to transfer costs.

Prospective Christies International Real Estate franchisees should factor these potential transfer costs into their financial planning. While the amounts may seem small on an individual basis, they can add up over time, especially with frequent payments. Franchisees may want to explore different payment methods or banking relationships to minimize these expenses.