For Christies International Real Estate, what is the role of the 'Designated Owner'?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- 21.12. "Responsible Broker" means the Principal Owner we approved who will oversee the Business operations, who will represent you in interacting with us, and who holds all the necessary real estate licenses for the Business.
The Responsible Broker must successfully complete our initial training program and all mandatory follow-up training programs.
The Responsible Broker is listed on Exhibit 1.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate FDD, the 'Responsible Broker' is a Principal Owner approved by Christies International Real Estate to oversee the Business operations. This individual represents the franchisee in interactions with Christies International Real Estate and must hold all necessary real estate licenses for the Business.
The Responsible Broker is required to successfully complete Christies International Real Estate's initial training program, as well as all mandatory follow-up training programs. The FDD also states that the Responsible Broker is listed on Exhibit 1, which likely contains further details about their specific responsibilities and qualifications.
For a prospective Christies International Real Estate franchisee, understanding the role and requirements of the Responsible Broker is crucial. This individual serves as the primary point of contact with the franchisor and is responsible for ensuring the Business operates in compliance with all applicable laws and regulations. The franchisee should carefully review Exhibit 1 and discuss the specific responsibilities and qualifications of the Responsible Broker with Christies International Real Estate during the due diligence process.