Under what condition are transfer fees collectable by Christies International Real Estate?

According to the 2025 Christies International Real Estate Franchise Disclosure Document, if a franchisee has real estate transactions under contract during the term of the Franchise Agreement, but those transactions close after the expiration, termination, or transfer of the agreement, Christies International Real Estate is entitled to collect Royalty Fees on those transactions.

This means that even after a franchise agreement ends, Christies International Real Estate retains the right to receive Royalty Fees from deals that were initiated during the agreement's term but finalized afterward. This provision ensures that Christies International Real Estate is compensated for the business generated under its brand, even if the actual closing occurs post-termination or transfer.

For a prospective franchisee, this condition highlights the importance of understanding the timing of real estate transactions and their potential impact on Royalty Fee obligations. Franchisees need to be aware that their financial obligations to Christies International Real Estate can extend beyond the formal end date of their franchise agreement, particularly if they have pending transactions at the time of expiration, termination, or transfer.