Does the Counselor Realty FDD require a signature on the disclosure document receipt?
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.
| A. B. C. | Financial Statements Franchise Agreement List of Franchises | D. E. | List of State Franchise Administrators State Addendum | ||
|---|---|---|---|---|---|
| Name | Signature | PROSPECTIVE FRANCHISEE (Print or type name of corporation or partnership) Date | |||
| 1. | |||||
| 2. | |||||
| 3. | |||||
| 4. | DISCLOSURE DOCUMENT AND MUST BE RETURNED IMMEDIATELY TO: Name, address and telephone number of the franchise seller offering the franchise: | THIS PAGE MUST BE SIGNED BY AN OFFICER OF A CORPORATION, THE GENERAL PARTNER(S) OF A PARTNERSHIP, OR ANY INDIVIDUAL RECEIVING A COPY OF THE FRANCHISE COUNSELOR REALTY FRANCHISING, INC. 3200 NW Main Street, Suite 110 Coon Rapids, Minnesota 55448 |
Source: Item 23 — RECEIPTS (FDD pages 32–70)
What This Means (2025 FDD)
Yes, according to Counselor Realty's 2025 Franchise Disclosure Document, the receipt of the Disclosure Document must be signed and dated. The FDD states that the last two pages of the document are for acknowledging receipt, with one copy for the franchisee and one for Counselor Realty.
This signed receipt confirms that the prospective franchisee received the FDD, which contains important information about the franchise opportunity. Counselor Realty requires the signed receipt to be delivered at least 14 calendar days before the signing of the Franchise Agreement or payment of any fee. This 14-day period allows the franchisee adequate time to review the document and seek professional advice.
Furthermore, the FDD includes a section for the prospective franchisee to fill out their name, address, and phone number on the receipt. There is also a table that requires the prospective franchisee to print or type their name, or if a corporation or partnership, to have an officer or general partner sign the document. This signed acknowledgement is a crucial step in the franchise process, ensuring that both parties are aware of their rights and obligations before entering into the agreement.