What is the condition regarding the location of a Counselor Realty Extension Office before Counselor Realty consents to it?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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You may apply to open one or more additional offices outside of your designated Territory (an "Extension Office") by submitting a request to Counselor describing the location of such proposed Extension Office as well as any additional information Counselor may require or request, along with a one-time fee of $750 for each Extension Office location (the "Extension Office Application Materials"). After Counselor's receipt of such Extension Office Application Materials (including the one-time fee), Counselor will have 30 days to review the Extension Office Application Materials and proposed Extension Office location and notify you whether or not Counselor consents to your opening of such Extension Office location. Counselor's consent to any Extension Office location will be contingent on you and Counselor reaching a mutual agreement as to the minimum number of sales agents that will operate from the Extension Office. Any Extension Office we consent to must comply with all requirements of the Franchise Agreement and then-current System standards.
Before you sign the Franchise Agreement, you and Counselor will negotiate a schedule for the minimum number of real estate sales agents who must operate from your Office.
Source: Item 12 — TERRITORY (FDD pages 21–23)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, before Counselor Realty consents to the location of an Extension Office, the franchisee must submit a request describing the location of the proposed Extension Office, along with any additional information Counselor Realty may require. This request must be accompanied by a one-time fee of $750 for each Extension Office location.
After Counselor Realty receives the Extension Office Application Materials and the fee, they have 30 days to review the application and proposed location. Counselor Realty will then notify the franchisee whether or not they consent to the opening of the Extension Office. Counselor Realty's consent is contingent upon reaching a mutual agreement with the franchisee regarding the minimum number of sales agents that will operate from the Extension Office.
Any Extension Office that Counselor Realty consents to must comply with all requirements of the Franchise Agreement and the then-current System standards. If a franchisee fails to maintain the mutually agreed-upon minimum number of sales agents in the Extension Office, Counselor Realty has the option to require the franchisee to close the Extension Office or terminate the Franchise Agreement.