Are Counselor Realty franchise renewal fees required?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
training programs from time to time.
There were no new franchises sold in 2024, 2023, or 2022. There were no franchise renewals in 2024, 2023 or 2022. No franchise renewal fees are required. There were five franchised outlets as of December 31, 2024 and 2023. There were seven franchise outlets as of December 31, 2022. One franchise agreement expired in March 2023 and was not renewed. One franchise agreement expired in December 2022 and was not renewed. Initial franchise fees are typically $7,500 to $15,000 per franchise, as determined by the population of the franchise territory. The franchisee agrees to pay a base monthly fee covering up to five licensed agents and additional monthly fees per licensed agent above five operating from or through their office. The monthly franchise fee revenue was $57,634, $63,751 and $73,235 for the years ended December 31, 2024, 2023 and 2022, respectively. If the franchisee is located within the 11-county metropolitan area of the Twin Cities, there is a monthly metro advertising fee per licensed agent. The agreement term is five years b
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, franchise renewal fees are not required. The document states that there were no franchise renewals in 2024, 2023, or 2022 and explicitly notes that no franchise renewal fees are required.
This is a notable benefit for prospective franchisees. Many franchise systems require a renewal fee, often a significant percentage of the initial franchise fee, to extend the franchise agreement for another term. The absence of this fee with Counselor Realty can reduce the long-term cost of ownership and improve the franchisee's potential return on investment.
It is important to note that while renewal fees are not required, other conditions may apply for renewing the franchise agreement, such as meeting certain performance standards or updating the office to current brand standards. The agreement term is five years beginning on the date the office opens.