What is the dependency between site approval and opening the Counselor Realty business?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
1.2 Site Selection. You must select a site for your Office within 180 days after you sign this Agreement. After you notify us of a proposed site for your Office, we will have 30 days to review the site and to notify you whether or not we consent to your operation of the Business at that site. If we reject the site you propose, you will have an additional 60 days to locate a site that is acceptable to us. If you fail to do so, this Agreement will automatically terminate and we will refund your Initial Franchise Fee, less our expenses associated with reviewing the proposed site(s). After we consent to an Office site you propose (if at all), you must open your Business at that site within six months. If you fail to do so, this Agreement will automatically terminate and your Initial Franchise Fee will not be refunded. We may, in our sole discretion, grant extensions of the deadlines described above. Our consent to a site is not a guarantee or assurance as to the availability, suitability or prospects of an Office or Business.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must first have a site approved by Counselor Realty before they can open their real estate brokerage business. The franchisee has 180 days after signing the Franchise Agreement to select a site. Once a proposed site is submitted, Counselor Realty has 30 days to review and either approve or reject it. If the initial site is rejected, the franchisee gets an additional 60 days to find an acceptable location.
After Counselor Realty approves a site, the franchisee has six months to open their Counselor Realty business at that location. Failure to open within this timeframe can lead to termination of the Franchise Agreement, and the initial franchise fee will not be refunded to the franchisee. However, Counselor Realty may, at its discretion, grant extensions to these deadlines.
It is important to note that Counselor Realty's approval of a site does not guarantee the site's availability, suitability, or the future success of the Counselor Realty business. The franchisee bears the ultimate responsibility for the performance of their business.