What action must Counselor Realty take to officially approve my franchise application?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
You should also refrain from taking any other action or making any commitments in regard to a Counselor franchise until and unless you are notified in writing by Counselor that your application for a franchise has been approved and that an Counselor franchise has been issued in your name.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, before a prospective franchisee can move forward with a Counselor Realty franchise, they must receive written notification from Counselor Realty that their application has been approved and that a franchise has been issued in their name. This step is crucial and must occur before any payments are made or contracts are signed.
This requirement protects both Counselor Realty and the prospective franchisee. It ensures that Counselor Realty has thoroughly reviewed the application and is confident in the franchisee's ability to uphold the brand's standards. For the franchisee, it prevents premature financial commitments before official approval is granted.
It is standard practice in the franchise industry to have a formal approval process. This process typically involves a review of the applicant's financial background, business experience, and suitability for the franchise. The written notification serves as the official confirmation that the applicant has met Counselor Realty's criteria and is authorized to proceed with establishing a franchise.