What is Counselor Realty granting to the franchisee in section 1.1 of the franchise agreement?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
tion of the foregoing and the undertakings herein, the parties agree:
1. FRANCHISE.
1.1 Grant.
- (a) We grant you a non-exclusive license to use the System and the Marks to operate one real estate brokerage business (the "Business") at a single site you select, and to which we consent (the "Office"), within the geographic territory designated in Exhibit A to this Franchise Agreement (the "Territory"). You must obtain Counselor's written consent prior to opening or operating any additional Office locations.
- (b) You may apply to open one or more additional offices within your designated Territory (an "Additional Office") by submitting a request to Counselor describing the location of such proposed Additional Office as well as any additional information Counselor may require or request, along with one-time fee of $750 for each Additional Office location (the "Additional Office Application Materials"). After Counselor's receipt of such Additional Office Application Materials (including the one-time fee), Counselor will have 30 days to review the Additional Office Application Materials and proposed Additional Office location and notify you whether or not Counselor consents to your opening of such Additional Office location. Any Additional Office we consent to must comply with all requirements of the Franchise Agreement and then-current System standards.
- (c) You may apply to open one or more additional offices outside of your designated Territory (an "Extension Office") by submitting a request to Counselor describing the location of such proposed Extension Office as well as any additional information Counselor may require or request, along with a one-time fee of $750 for each Extension Office location (the "Extension Office Application Materials"). After Counselor's receipt of such Extension Office Application Materials (including the one-time fee), Counselor will have 30 days to review the Extension Office Application Materials and proposed Extension Office location and notify you whether or not Counselor consents to your opening of such Extension Office location. Counselor's consent to any Extension Office location will be contingent on you and Counselor reaching a mutual agreement as to the minimum number of sales agents that will operate from the Extension Office. Any Extension Office we consent to must comply with all requ
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, section 1.1 of the franchise agreement outlines the grant provided to the franchisee. Counselor Realty grants a non-exclusive license to use its System and Marks. This license allows the franchisee to operate one real estate brokerage business at a single, approved site within a designated geographic territory. The franchisee needs written consent from Counselor Realty to open or operate any additional office locations.
To open additional offices within the designated territory, known as "Additional Offices", the franchisee must submit a request to Counselor Realty, including the location of the proposed office and any other required information, along with a one-time fee of $750 for each location. Counselor Realty then has 30 days to review the application and notify the franchisee of their decision. Any approved Additional Office must comply with all requirements of the Franchise Agreement and current System standards.
Similarly, to open offices outside the designated territory, referred to as "Extension Offices", the franchisee must submit a request with location details and other required information, along with a one-time fee of $750 for each location. Counselor Realty has 30 days to review the application. Approval for Extension Offices is contingent on a mutual agreement regarding the minimum number of sales agents operating from the office. These Extension Offices must also comply with the Franchise Agreement and System standards.