What information must be included on the Counselor Realty Disclosure Document receipt?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Issuance Date: __________
Name: _________________________ Address: _________________________
Phone: _________________________
RECEIPT
THIS DISCLOSURE DOCUMENT SUMMARIZES CERTAIN PROVISIONS OF THE FRANCHISE AGREEMENT AND OTHER INFORMATION IN PLAIN LANGUAGE. READ THIS FRANCHISE DISCLOSURE DOCUMENT AND ALL AGREEMENTS CAREFULLY.
IF COUNSELOR OFFERS YOU A FRANCHISE, COUNSELOR MUST PROVIDE THIS FRANCHISE DISCLOSURE DOCUMENT TO YOU 14 CALENDAR DAYS BEFORE YOU SIGN A BINDING AGREEMENT WITH, OR MAKE A PAYMENT TO, COUNSELOR OR ITS AFFILIATES IN CONNECTION WITH THE PROPOSED FRANCHISE SALE.
IF COUNSELOR DOES NOT DELIVER THIS 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.
I have received a Franchise Disclosure Document dated April 21, 2025 for the State of Wisconsin that included the following exhibits:
Source: Item 23 — RECEIPTS (FDD pages 32–70)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, the receipt for the Franchise Disclosure Document must include the issuance date of the document, the recipient's name, address, and phone number. The document also states that the Disclosure Document summarizes certain provisions of the franchise agreement and other information in plain language. It emphasizes the importance of carefully reading the Franchise Disclosure Document and all related agreements.
The receipt also confirms that Counselor Realty must provide the Franchise Disclosure Document to the prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payment related to the franchise. This 14-day period allows the franchisee adequate time to review the document and seek professional advice.
Furthermore, the receipt includes a notification that if Counselor Realty fails to deliver the Franchise Disclosure Document on time, or if the document contains false or misleading statements or material omissions, it could be a violation of federal and state law. The receipt provides contact information for the Federal Trade Commission and the Wisconsin Commissioner of Securities, where such violations can be reported. Finally, the receipt includes a statement that the franchisee has received a Franchise Disclosure Document dated April 21, 2025, for the State of Wisconsin, and lists the exhibits included with the document.