As of what date is the Counselor Realty Franchise Disclosure Document effective in Minnesota?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
The following states have franchise laws that require that the Franchise Disclosure Document be registered or filed with the state, or be exempt from registration: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.
This document is effective and may be used in the following states, where the document is filed, registered or exempt from registration, as of the Effective Date stated below:
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the document is effective and may be used in Minnesota. However, the FDD does not provide the specific effective date for Minnesota.
The document states that states with franchise laws requiring registration or filing of the Franchise Disclosure Document include Minnesota. This implies that Counselor Realty has taken the necessary steps to comply with Minnesota's franchise regulations.
Prospective franchisees should verify the specific effective date for Minnesota with Counselor Realty directly. This information is crucial for ensuring compliance with state laws and understanding the legal framework under which the franchise can be offered and sold in Minnesota. Knowing the effective date confirms that the FDD contains the most current and accurate information required by Minnesota law.