Does the Counselor Realty FDD require the franchisee to keep a copy of the signed receipt?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
PLEASE INDICATE YOUR ACCEPTANCE BY SIGNING AND RETURNING THIS COPY OF THIS AGREEMENT. YOU REPRESENT AND WARRANT THAT YOU ARE AUTHORIZED TO EXECUTE THIS AGREEMENT FOR THE FRANCHISEE.
Source: Item 23 — RECEIPTS (FDD pages 32–70)
What This Means (2025 FDD)
The 2025 Counselor Realty Franchise Disclosure Document does not explicitly state that the franchisee must keep a copy of the signed receipt. However, it does state that the franchisee must sign and return a copy of the agreement to indicate acceptance.
According to the FDD, Counselor Realty requires franchisees to maintain and provide access to specific information, reports, books, and records related to their office and business operations. This includes allowing Counselor Realty to inspect, copy, and audit these records, both at the franchisee's office and remotely through electronic means.
While the FDD does not specifically mandate keeping a copy of the signed receipt, it is a common business practice to retain such documents for record-keeping and potential dispute resolution. Given the broader requirements for maintaining and providing access to business records, it would be prudent for a Counselor Realty franchisee to retain a copy of the signed franchise agreement and any related receipts.