Where in the Counselor Realty Franchise Agreement can I find details regarding site selection?
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, the details regarding site selection can be found in Section 1.2 of the Franchise Agreement. As stated in Item 22, a sample of the Counselor Realty Franchise Agreement is included as Exhibit B in the FDD.
Specifically, Section 1.2 outlines that franchisees must select a site for their office within 180 days of signing the agreement. Once a proposed site is identified, Counselor Realty has 30 days to review and approve or reject the site. If the initial site is rejected, the franchisee has an additional 60 days to find an acceptable location. Failure to secure an approved site within these timeframes can lead to termination of the agreement and a refund of the initial franchise fee, minus any expenses Counselor Realty incurred during the site review process.
Furthermore, after Counselor Realty approves a site, the franchisee must open their business at that location within six months. Failure to do so can also result in termination of the agreement, but in this case, the initial franchise fee will not be refunded. 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 its availability, suitability, or the future success of the business.