What is the deadline for Counselor Realty to send an invoice for the Base Monthly Fee?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
provided in Section 1.2, the Initial Franchise Fee is nonrefundable.
5.2 Base Monthly Fee. You must pay us a Base Monthly Fee of $371. At the beginning of each month, we will send you an invoice for the Base Monthly Fee, and you must pay us that fee on or before the 20th day of such month.
5.3 Continuing Agent Fees.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, Counselor Realty will send an invoice for the Base Monthly Fee at the beginning of each month. The franchisee is then required to pay this fee on or before the 20th day of that month. The Base Monthly Fee is $371, which covers the first five agents operating through the franchisee's office.
This means that a Counselor Realty franchisee can expect to receive an invoice for $371 at the start of each month, with a payment deadline of the 20th. This consistent billing schedule allows the franchisee to manage their cash flow and budget accordingly. It's important to note that this fee covers only the first five agents, and additional fees apply for each subsequent agent.
Franchisees should be aware of this monthly obligation and factor it into their financial planning. Failure to pay on time may result in late fees or other penalties, as outlined elsewhere in the Franchise Agreement. Understanding the billing cycle and payment terms is crucial for maintaining a positive relationship with Counselor Realty and avoiding any disruptions to the franchise operation.