If Counselor Realty does not deliver the disclosure document on time, what may have occurred?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
IF COUNSELOR DOES NOT DELIVER THIS FRANCHISE 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, if Counselor Realty fails to deliver the Franchise Disclosure Document (FDD) within the mandated timeframe, or if the document contains false, misleading, or omits material information, it could constitute a violation of both federal and state laws.
Specifically, Counselor Realty is required to provide the FDD to prospective franchisees at least 14 calendar days before they sign a binding agreement or make any payments related to the franchise. This 14-day period allows potential franchisees adequate time to review the document and seek professional advice before making a financial commitment.
If a violation occurs, the FDD states that it should be reported to the Federal Trade Commission (FTC) in Washington, D.C., and the Wisconsin Commissioner of Securities in Madison, Wisconsin. This ensures that regulatory bodies are informed of potential non-compliance, which may lead to investigation and possible enforcement actions. This disclosure is designed to protect prospective franchisees by ensuring they receive accurate and timely information to make informed decisions.