What is the deadline for delivering the signed Counselor Realty Disclosure Document receipt to Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
The last two pages of this Disclosure Document (following the exhibits and attachments) are documents acknowledging receipt of this Disclosure Document by you (one copy for you and one copy for us). The Receipt must be signed and dated and delivered to us at least 14 calendar days before the signing of the Franchise Agreement or payment of any fee by you.
Source: Item 23 — RECEIPTS (FDD pages 32–70)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a prospective franchisee must sign, date, and deliver the receipt acknowledging they received the Franchise Disclosure Document to Counselor Realty at least 14 calendar days before signing the Franchise Agreement or paying any fees. This receipt is located at the end of the Disclosure Document, following all exhibits and attachments. There are two copies of the receipt, one for the franchisee and one for Counselor Realty.
This 14-day period is a standard requirement under franchise law, designed to give potential franchisees adequate time to review the FDD and seek professional advice before making a financial commitment or entering into a binding agreement. The receipt serves as proof that the franchisee received the FDD within the mandated timeframe.
Failure to deliver the signed receipt within the specified timeframe could delay the franchise process, as Counselor Realty is prohibited from signing the Franchise Agreement or accepting any fees until this requirement is met. This ensures that Counselor Realty is compliant with franchise regulations and that the franchisee has had sufficient time to consider the opportunity.