Must a Counselor Realty franchisee possess a real estate broker's license?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
You must at all times possess a bona fide real estate broker's license in good standing under the laws of the state where the Business is located. If you are a partnership, corporation or other entity, you must be legally authorized to do business in the state where your Business is located. At all times during the term of the franchise you must keep in force all necessary licenses and permits required by public authorities. The Wisconsin Department of Regulation and Licensing, the Wisconsin Realtors Association, the National Association of Realtors, local Boards of Realtors, and the Federal Trade Commission have adopted various regulations which govern the activities and business practices of real estate agents. You must comply with all of these regulations and should investigate them before deciding whether to purchase a Counselor franchise.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENT, PREDECESSORS AND AFFILIATES (FDD pages 7–8)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must possess a real estate broker's license. Specifically, the franchisee must have a "bona fide real estate broker's license in good standing under the laws of the state where the Business is located." This requirement ensures that the Counselor Realty franchise operates under the supervision of a qualified professional who is legally authorized to conduct real estate brokerage services in the state.
If the franchisee is a partnership, corporation, or other entity, it must be legally authorized to conduct business in the state where the Counselor Realty business is located. Furthermore, the franchisee must maintain all necessary licenses and permits required by public authorities throughout the term of the franchise agreement. This includes compliance with regulations set forth by the Wisconsin Department of Regulation and Licensing, the Wisconsin Realtors Association, the National Association of Realtors, local Boards of Realtors, and the Federal Trade Commission.
Prospective Counselor Realty franchisees should thoroughly investigate all applicable regulations before deciding to purchase a franchise to ensure they can meet these requirements. This is a critical aspect of operating a Counselor Realty franchise and maintaining compliance with legal and professional standards.