What is the Continuing Agent Fee for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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| (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 | $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 | Notes to Item 6, above:
- A. You must pay us a Base Monthly Fee of $371. This fee includes the first 5 licensed agents operating through your Office.
- B. You must pay a monthly Continuing Agent Fee to Counselor based upon the number of licensed agents operating through your Office (including any Additional Offices and Extension Offices) at any time during the month as follows: $53 per licensed agent for the sixth through 15th licensed agent operating through your Office(s); $37 per licensed agent for the 16th through 35th licensed agent operating through your Office(s);
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, franchisees must pay a Continuing Agent Fee, which varies depending on the number of licensed agents operating through their office. The fee structure is tiered: $53 per licensed agent for the sixth through 15th agent, $37 per licensed agent for the 16th through 35th agent, and $32 per licensed agent for the 36th and each additional agent. This fee is payable monthly by the 20th day of the month. For example, if a franchisee has 50 licensed agents, the Continuing Agent Fee would be $1,750, calculated as ($53 multiplied by 10, plus $37 multiplied by 20, plus $32 multiplied by 15).
The number of agents used to calculate the Continuing Agent Fee is determined by the number of licensed agents listed as operating through the franchisee's office with the Minnesota Department of Commerce on the first day of the applicable month. This means that any changes in agent count during the month will not affect that month's fee calculation. Furthermore, if a Counselor Realty franchisee has additional or extension offices, the licensed agents operating from those locations are included in the total agent count for the purpose of calculating the Continuing Agent Fee.
It is important for prospective Counselor Realty franchisees to understand this tiered fee structure, as it directly impacts their monthly expenses and profitability. The Continuing Agent Fee can become a substantial cost as the number of agents increases. Franchisees are also obligated to notify Counselor Realty immediately in writing each time a licensed agent begins operating through their office(s).