When is the Continuing Agent Fee due for a Counselor Realty franchise?
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 |
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 your office. The specific amount depends on the number of licensed agents affiliated with the franchise.
Specifically, the Continuing Agent Fee is calculated based on a tiered structure. It costs $53 per licensed agent for the sixth 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. For example, if a franchisee has 50 licensed agents, the Continuing Agent Fee for that month would be $1,750, calculated as follows: ($53 multiplied by 10, plus $37 multiplied by 20, plus $32 multiplied by 15).
For the purposes of calculating the Continuing Agent Fee, the number of agents operating through your office for any given month is determined by the number of licensed agents listed as operating through your office with the Minnesota Department of Commerce on the first day of the applicable month. This means that the franchisee's payment will be based on the agent count at the start of each month, regardless of any changes during that month. Franchisees must also notify Counselor Realty immediately in writing each time a licensed agent begins operating through their office(s), including any Additional Offices or Extension Offices.
It is important for prospective franchisees to understand this fee structure, as it directly impacts their monthly expenses and profitability. The Continuing Agent Fee can be a substantial cost, especially for larger offices with many agents. Franchisees should carefully consider their growth plans and agent recruitment strategies in light of this fee. Understanding how the fee is calculated and when it is due is crucial for managing cash flow and ensuring timely payments to Counselor Realty.