What is the latest day of the month that the Continuing Agent Fee is payable for Counselor Realty?

According to Counselor Realty's 2025 Franchise Disclosure Document, the Continuing Agent Fee is due monthly by the 20th day of the month. This fee ranges from $32 to $53 per licensed agent operating from or through the franchisee's office.

This means that a Counselor Realty franchisee must ensure that the Continuing Agent Fees are paid before or on the 20th of each month to avoid potential late charges or other penalties. The amount of the fee depends on the number of licensed agents operating through the franchisee's office. Specifically, the fee structure is tiered: $53 per licensed agent for the 6th 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 follows: ($53 multiplied by 10) + ($37 multiplied by 20) + ($32 multiplied by 15). It is important to note that 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 month. Franchisees must also notify Counselor Realty in writing each time a licensed agent begins operating through their office.

Understanding the due dates for fees like the Continuing Agent Fee is crucial for managing cash flow and avoiding late payment penalties. Franchisees should set up systems to track agent counts and ensure timely payments to Counselor Realty.