What documents serve as acknowledgement of receipt of the Counselor Realty Disclosure Document?
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, the last two pages of the document, which follow the exhibits and attachments, serve as the acknowledgement of receipt. These receipt documents require the franchisee to sign and date them, and then deliver them to Counselor Realty. This acknowledgement must be completed at least 14 calendar days before signing the Franchise Agreement or paying any fees.
This 14-day period is a standard practice in franchising, mandated by the Federal Trade Commission (FTC) and various state laws, to ensure that prospective franchisees have sufficient time to review the FDD and seek professional advice before making a financial commitment. The acknowledgement confirms that the franchisee received the FDD within the required timeframe.
By signing the receipt, the franchisee acknowledges they have received the Franchise Disclosure Document, which includes critical information about the Counselor Realty franchise opportunity. This includes details about the franchise system, fees, obligations, and other important aspects of the agreement. Counselor Realty uses this signed receipt as proof that they have met their disclosure obligations under franchise laws.