When is the Continuing Agent Fee for Counselor Realty due?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| (1) Name of Fee | (2) Amount | (3) Due Date | (4) Remarks |
|---|---|---|---|
| Base Monthly Fee | $371 per month | Payable monthly by the 20th day of the month | See Note A |
| Continuing Agent Fee | $32 to $53 per licensed agent operating from or through your Office | Payable monthly by the 20th day of the month | See Note B |
| (1) | (2) | (3) | (4) |
| Name of Fee | Amount | Due Date | Remarks |
| Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H |
| Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I |
| Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J |
| Legal Fees | As incurred | Payable when billed | See Note K |
| (1) | (2) | (3) | (4) |
| Name of Fee | Amount | Due Date | Remarks |
| Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H |
| Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I |
| Training Fees |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the Continuing Agent Fee is payable monthly by the 20th day of the month. This fee ranges from $32 to $53 per licensed agent operating from or through the franchisee's office.
The Continuing Agent Fee is a recurring expense that franchisees must factor into their monthly operating costs. The amount varies depending on the number of licensed agents associated with the office. Specifically, the fee is $53 per licensed agent for the 6th through 15th licensed agent, $37 per licensed agent for the 16th through 35th licensed agent, and $32 per licensed agent for the 36th and each additional licensed agent operating through the office(s).
For example, if a Counselor Realty franchisee has 50 licensed agents, the Continuing Agent Fee for that month would be $1,750, calculated as follows: ($53 multiplied by 10) + ($37 multiplied by 20) + ($32 multiplied by 15). Counselor Realty determines the number of agents operating through an office based on the number of licensed agents listed with the Minnesota Department of Commerce on the first day of the applicable month. Franchisees must also notify Counselor Realty in writing each time a licensed agent begins operating through their office(s), including any Additional Offices or Extension Offices.