When is the base monthly fee due for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| (1) Name of Fee | (2) Amount | (3) Due Date | (4) Remarks |
|---|---|---|---|
| Base Monthly Fee | $371 per month | Payable monthly by the 20th day of the month | See Note A |
| Continuing Agent Fee | $32 to $53 per licensed agent operating from or through your Office | Payable monthly by the 20th day of the month | See Note B |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the base monthly fee is due by the 20th day of each month. The base monthly fee is $371 per month. This fee covers the first five licensed agents operating through the franchisee's office.
In addition to the base monthly fee, Counselor Realty franchisees must also pay a Continuing Agent Fee, which varies from $32 to $53 per licensed agent, depending on the total number of agents. This fee is also payable monthly by the 20th day of the month. The number of agents used to calculate this fee is determined by the number of licensed agents listed with the Minnesota Department of Commerce on the first day of the applicable month.
Late payments to Counselor Realty will incur interest charges. The interest rate is the lower of 8% per year or the maximum contract rate of interest allowed by law in the state where the business operates. Additionally, franchisees are responsible for covering any fees charged by Counselor Realty's bank for returned payments.