In the context of a Counselor Realty Extension Office, what is the role of a supervising broker?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
sales agents operating from such Extension Office (which must be agreed to before Counselor consents to any Extension Office location). One of these sales agents must be a supervising broker. The minimum number of sales agents required to be operating in any such Extension Office is separate from and in addition to the minimum number of sales agents that are required to operate from any of your other Office locations (including any Additional Offices). If you fail to satisfy and maintain the minimum required number of sales agents in the Extension Office on an ongoing basis, Counselor may (in its sole discretion) elect to have you close the Extension Office or terminate the Franchise Agreement.
Source: Item 12 — TERRITORY (FDD pages 21–23)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, a supervising broker is a mandatory role within an Extension Office. Before Counselor Realty approves the location of an Extension Office, the franchisee must agree to have a certain number of sales agents operating from that location. Among these sales agents, at least one must be a supervising broker.
This requirement ensures that each Extension Office has adequate oversight and expertise. The supervising broker likely serves as a point of contact for agents, provides guidance and training, and ensures compliance with real estate laws and Counselor Realty's standards. This role is crucial for maintaining the quality of service and brand reputation in the extended location.
The FDD also states that the minimum number of sales agents required for an Extension Office is separate from the minimum required for other office locations, including Additional Offices. If the franchisee fails to maintain the minimum number of sales agents in the Extension Office, Counselor Realty has the right to close the Extension Office or terminate the Franchise Agreement. This highlights the importance of meeting staffing requirements to maintain the Extension Office's operational status.