What is the Counselor Realty franchisee's obligation when a licensed agent begins operating through their Office?

According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must notify Counselor Realty immediately in writing each time a licensed agent begins operating through their office, including any Additional Offices or Extension Offices. This notification is crucial for calculating the Continuing Agent Fee, which is based on the number of licensed agents operating through the franchisee's office(s) at any time during the month.

The Continuing Agent Fee structure is tiered: $53 per licensed agent for the sixth through 15th agent, $37 per licensed agent for the 16th through 35th agent, and $32 per licensed agent for the 36th and each additional agent. For example, if a franchisee has 50 licensed agents, the Continuing Agent Fee would be $1,750, calculated as ($53 multiplied by 10, plus $37 multiplied by 20, plus $32 multiplied by 15).

The number of agents operating through the office is determined by the number of licensed agents listed with the Minnesota Department of Commerce on the first day of the applicable month. Agents operating from Additional or Extension Offices are also included in this calculation. Therefore, timely and accurate notification of new agents is essential for franchisees to ensure correct fee assessments and avoid potential discrepancies with Counselor Realty.