What is the date of the Counselor Realty Franchise Disclosure Document mentioned in the receipt?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
I have received a Franchise Disclosure Document dated April 21, 2025 for the State of Wisconsin that included the following exhibits:
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the receipt indicates that the Franchise Disclosure Document is dated April 21, 2025, specifically for the State of Wisconsin. This date is important because Counselor Realty must provide the Franchise Disclosure Document to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise. This 14-day period allows potential franchisees to carefully review the document and seek professional advice.
The receipt serves as an acknowledgment that the franchisee received the Franchise Disclosure Document, which summarizes key provisions of the franchise agreement and other relevant information. It also highlights the franchisee's rights and protections under federal and state laws. If Counselor Realty fails to deliver the Franchise Disclosure Document on time, or if the document contains false or misleading information, it could constitute a violation of these laws.
Prospective franchisees should pay close attention to this date and ensure they receive the Franchise Disclosure Document well in advance of any commitment to Counselor Realty. This allows them sufficient time to conduct due diligence and make an informed decision about investing in a Counselor Realty franchise. They should also verify that the Franchise Disclosure Document they receive is indeed dated April 21, 2025, and that it includes all the necessary exhibits.