How must Counselor Realty communicate its acceptance of a Counselor Realty franchisee's offer?

According to the 2025 Counselor Realty Franchise Disclosure Document, Counselor Realty indicates acceptance of the franchise agreement by signing and returning a copy of the agreement. The document specifies that the person signing on behalf of the franchisee represents and warrants that they are authorized to execute the agreement for the franchisee.

This process ensures that both parties are clear on the terms and conditions before the franchise begins. The franchisee acknowledges that Counselor Realty has recommended they review the agreement, the Franchise Disclosure Document, and other relevant information with legal counsel or a professional business advisor before signing.

The agreement is not considered effective until it is fully executed by both the franchisee and Counselor Realty, and Counselor Realty issues a notice of approval to the franchisee. This step is crucial as it confirms that Counselor Realty has officially accepted the franchisee into their system, making the agreement legally binding.

This procedure is typical in franchising, providing a formal and documented acceptance process. It protects both Counselor Realty and the franchisee by ensuring that all terms are agreed upon and that the franchisee has had ample opportunity to seek advice before committing to the franchise.