What is the condition for Counselor Realty to issue a franchise in my name?
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.
CAUTION
ANY FACT, INFORMATION, PROMISE, ASSURANCE, REPRESENTATION OR CIRCUMSTANCE COMMUNICATED TO YOU THAT IS NOT CONTAINED IN THE ATTACHED AGREEMENT OR THIS FRANCHISE DISCLOSURE DOCUMENT IS UNAUTHORIZED BY COUNSELOR AND SHOULD NOT BE RELIED UPON BY YOU IN DECIDING WHETHER TO PURCHASE A COUNSELOR FRANCHISE.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty FDD, before Counselor Realty issues a franchise in your name, you must be notified in writing by Counselor Realty that your application for a franchise has been approved. You should also refrain from taking any action or making any commitments regarding a Counselor Realty franchise until you receive this written notification.
Prior to this notification, you may not make any payments to Counselor Realty or sign any contracts related to the franchise until fourteen calendar days after signing the Acknowledgements of Receipt at the back of the Franchise Disclosure Document. Counselor Realty emphasizes that any information, promises, or assurances not contained within the Franchise Agreement or the Franchise Disclosure Document are unauthorized and should not be relied upon when deciding to purchase a Counselor Realty franchise.
This process ensures that prospective franchisees have ample time to review the FDD and seek independent legal and financial advice before committing to the franchise. It also protects both the franchisee and Counselor Realty by ensuring that all agreements are documented and authorized, reducing the risk of misunderstandings or misrepresentations.