What is the scope of compliance with laws required of Christies International Real Estate franchisees?
Christies_International_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
- **5.14.
Compliance with Laws and Good Business Practices**.
You must secure and maintain in force all required licenses, permits and certificates relating to the operation of the Business and must operate the Business in full compliance with all applicable laws, ordinances and regulations.
You must ensure the Responsible Broker and all other employees and agents obtain and maintain, for the duration they are affiliated with the Business, all licenses, permits, certifications required by applicable law.
You must comply with all laws and regulations relating to privacy and data protection and must comply with any privacy policies or data protection and breach response policies we periodically may establish.
You must notify us in writing within 24 hours of the commencement of any action, suit, proceeding or investigation, and of the issuance of any order, injunction, or award of decree by any court, agency, or other governmental instrumentality, that may adversely affect the operation or financial condition of you or the Business.
You must notify us immediately of any suspected data breach at or in connection with the Business.
You will not conduct any business or advertising practice which injures other CHRISTIE'S INTERNATIONAL REAL ESTATE businesses, the System or the goodwill associated with the Marks.
Source: Item 23 — RECEIPT (FDD pages 54–177)
What This Means (2025 FDD)
According to the 2025 Christies International Real Estate FDD, franchisees must operate their business in full compliance with all applicable laws, ordinances, and regulations. This includes securing and maintaining all required licenses, permits, and certificates necessary for the business's operation.
Christies International Real Estate franchisees must also ensure that the Responsible Broker and all other employees and agents obtain and maintain all licenses, permits, and certifications required by applicable law for the duration of their affiliation with the business. Furthermore, franchisees must comply with all laws and regulations relating to privacy and data protection, including any privacy policies or data protection and breach response policies that Christies International Real Estate may periodically establish.
Additionally, franchisees are obligated to notify Christies International Real Estate in writing within 24 hours of the commencement of any action, suit, proceeding, or investigation, as well as the issuance of any order, injunction, or award of decree by any court, agency, or other governmental instrumentality, that may adversely affect the operation or financial condition of the franchisee or the business. Franchisees must also immediately notify Christies International Real Estate of any suspected data breach at or in connection with the business. Franchisees are prohibited from engaging in any business or advertising practice that injures other Christies International Real Estate businesses, the System, or the goodwill associated with the Marks.