What is the base monthly fee for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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| (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 | | (1) | (2) | (3) | (4) | | Name of Fee | Amount | Due Date | Remarks | | Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H | | Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I | | Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J | | Legal Fees | As incurred | Payable when billed | See Note K | | (1) | (2) | (3) | (4) | | Name of Fee | Amount | Due Date | Remarks | | Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H | | Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I | | Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J | | Legal Fees | As incurred | Payable when billed | See Note K | Notes to Item 6, above:
- A. You must pay us a Base Monthly Fee of $371. This fee includes the first 5 licensed agents operating through your Office.
- B.
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, franchisees must pay a base monthly fee of $371. This fee covers the first five licensed agents operating through the franchisee's office. This base monthly fee is due by the 20th day of each month.
In addition to the base monthly fee, Counselor Realty also charges a Continuing Agent Fee based on the number of licensed agents operating through the office beyond the initial five. This fee ranges from $32 to $53 per agent, depending on the total number of agents. For example, if a franchisee has 50 licensed agents, the Continuing Agent Fee would be $1,750, calculated by multiplying the number of agents in each tier by the corresponding fee ($53 x 10 + $37 x 20 + $32 x 15). The number of agents is determined by the number listed with the Minnesota Department of Commerce on the first day of the month.
Prospective franchisees should be aware that these fees, along with other fees detailed in Item 6, contribute to the ongoing operational costs of running a Counselor Realty franchise. Understanding the structure and potential amounts of these fees is crucial for assessing the financial viability of the franchise. Franchisees should also note that Counselor Realty may increase certain fees during the term of the franchise agreement at their discretion.