For Counselor Realty, what is the effective date of the Franchise Disclosure Document in Wisconsin?
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 document is dated April 21, 2025, for the State of Wisconsin. This date is important because Counselor Realty must provide the Franchise Disclosure Document to a prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise. This allows potential franchisees time to carefully review the document and seek professional advice.
If Counselor Realty fails to deliver the Franchise Disclosure Document on time, or if the document contains false or misleading statements, or omits material information, it could be a violation of federal and state law. In such cases, the prospective franchisee is advised to report this to the Federal Trade Commission in Washington, D.C., and the Wisconsin Commissioner of Securities in Madison, Wisconsin. This ensures that franchisees are protected and have recourse if they encounter any issues with the disclosure process.
The Franchise Disclosure Document includes several exhibits, as referenced in the receipt acknowledgment. These exhibits provide additional information and details about the franchise agreement and other relevant aspects of the Counselor Realty franchise. It is crucial for prospective franchisees to review all these exhibits carefully to fully understand the terms and conditions of the franchise opportunity before making any commitments.