Are the legal fees for Counselor Realty a fixed amount?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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| (1) Name of Fee | (2) Amount | (3) Due Date | (4) Remarks |
|---|---|---|---|
| Base Monthly Fee | $371 per month | Payable monthly by the 20th day of the month | See Note A |
| Continuing Agent Fee | $32 to $53 per licensed agent operating from or through your Office | Payable monthly by the 20th day of the month | See Note B |
| (1) | (2) | (3) | (4) |
| Name of Fee | Amount | Due Date | Remarks |
| Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H |
| Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I |
| Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J |
| Legal Fees | As incurred | Payable when billed | See Note K |
| (1) | (2) | (3) | (4) |
| Name of Fee | Amount | Due Date | Remarks |
| Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H |
| Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I |
| Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J |
| Legal Fees | As incurred | Payable when billed | See Note K |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the legal fees are not a fixed amount. Instead, franchisees are responsible for legal fees as they are incurred. This means the amount a franchisee pays in legal fees will vary depending on the specific legal services required and the associated costs. These fees are payable when billed.
This type of fee structure is common in franchising, as legal needs can vary significantly from franchisee to franchisee. Some franchisees may require more legal assistance than others, depending on their business activities, disputes, or other legal matters that may arise. By charging legal fees as incurred, Counselor Realty ensures that franchisees only pay for the legal services they actually use.
It is important for prospective Counselor Realty franchisees to understand that legal fees can be unpredictable and may represent a significant expense. Franchisees should budget for potential legal costs and carefully consider the terms of the franchise agreement to understand their rights and obligations. Additionally, franchisees should seek legal advice from a qualified attorney to ensure they fully understand the legal implications of entering into a franchise agreement with Counselor Realty.