What does the Counselor Realty Franchise Disclosure Document say about plain language?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
THIS DISCLOSURE DOCUMENT SUMMARIZES CERTAIN PROVISIONS OF THE FRANCHISE AGREEMENT AND OTHER INFORMATION IN PLAIN LANGUAGE. READ THIS FRANCHISE DISCLOSURE DOCUMENT AND ALL AGREEMENTS CAREFULLY.
IF COUNSELOR OFFERS YOU A FRANCHISE, COUNSELOR MUST PROVIDE THIS FRANCHISE DISCLOSURE DOCUMENT TO YOU 14 CALENDAR DAYS BEFORE YOU SIGN A BINDING AGREEMENT WITH, OR MAKE A PAYMENT TO, COUNSELOR OR ITS AFFILIATES IN CONNECTION WITH THE PROPOSED FRANCHISE SALE.
IF COUNSELOR DOES NOT DELIVER THIS DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION, WASHINGTON, D.C. 20580 AND THE WISCONSIN COMMISSIONER OF SECURITIES, 345 WEST WASHINGTON AVENUE, 4TH FLOOR, MADISON, WISCONSIN 53703
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the document summarizes certain provisions of the franchise agreement and other information in plain language. The FDD emphasizes the importance of carefully reading the Franchise Disclosure Document and all agreements associated with the franchise opportunity.
Counselor Realty is obligated to provide the Franchise Disclosure Document to prospective franchisees at least 14 calendar days before they sign any binding agreement or make any payment related to the proposed franchise sale. This 14-day period allows potential franchisees adequate time to review the document and seek professional advice.
The Franchise Disclosure Document also states that if Counselor Realty fails to deliver the document on time, or if the document contains any false or misleading statements, or material omissions, it may constitute a violation of federal and state law. In such cases, the document advises that the matter should be reported to the Federal Trade Commission and the Wisconsin Commissioner of Securities.