Which item in the Counselor Realty Disclosure Document relates to owner's participation/management/staffing for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
- 13.8 Responsibility. You acknowledge that your Business will operate in a highly competitive marketplace and that its financial results, including its ultimate success or failure, depend upon your personal management and resources, and supply and market conditions. You acknowledge, therefore, that Counselor did not, cannot and does not guarantee or represent that the Business will be profitable or successful and you have not relied upon any promise, assurance, understanding or agreement not set forth herein.
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 16–17)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, Item 22, specifically section 13.8 of the Franchise Agreement, addresses the franchisee's responsibility in managing the business. It states that the success of the Counselor Realty business depends on the franchisee's personal management, resources, and market conditions. This section emphasizes that Counselor Realty does not guarantee the profitability or success of the business.
This clause indicates that Counselor Realty franchisees must actively manage their business and that their managerial capabilities are critical to the success of the franchise. Prospective franchisees should carefully consider their own management skills and resources before investing in a Counselor Realty franchise.
This is a standard clause in most franchise agreements, highlighting that while the franchisor provides a system and brand, the franchisee's effort and skill are crucial for the business's performance. The prospective franchisee should assess their capabilities and readiness to manage a real estate brokerage business effectively.