What is the consequence if Counselor Realty does not deliver the Franchise Disclosure Document on time?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
IF COUNSELOR DOES NOT DELIVER THIS DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION, WASHINGTON, D.C. 20580 AND THE WISCONSIN COMMISSIONER OF SECURITIES, 345 WEST WASHINGTON AVENUE, 4TH FLOOR, MADISON, WISCONSIN 53703
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, if Counselor Realty does not deliver the Franchise Disclosure Document (FDD) on time, or if the FDD contains false, misleading statements, or material omissions, it may constitute a violation of federal and state law.
This violation should be reported to the Federal Trade Commission (FTC) in Washington, D.C., and the Wisconsin Commissioner of Securities in Madison, Wisconsin. This requirement ensures that prospective franchisees receive accurate and timely information to make informed decisions.
The FDD must be provided to the prospective franchisee at least 14 calendar days before signing a binding agreement or making any payments to Counselor Realty or its affiliates related to the franchise sale. This timeframe allows the franchisee to thoroughly review the document and seek professional advice before committing to the franchise.