What licenses and permits must a Counselor Realty franchisee maintain during the franchise term?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
You must at all times possess a bona fide real estate broker's license in good standing under the laws of the state where the Business is located. If you are a partnership, corporation or other entity, you must be legally authorized to do business in the state where your Business is located. At all times during the term of the franchise you must keep in force all necessary licenses and permits required by public authorities. The Wisconsin Department of Regulation and Licensing, the Wisconsin Realtors Association, the National Association of Realtors, local Boards of Realtors, and the Federal Trade Commission have adopted various regulations which govern the activities and business practices of real estate agents. You must comply with all of these regulations and should investigate them before deciding whether to purchase a Counselor franchise.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENT, PREDECESSORS AND AFFILIATES (FDD pages 7–8)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, franchisees must maintain specific licenses and permits to operate their business. Specifically, a Counselor Realty franchisee must possess a bona fide real estate broker's license in good standing, adhering to the laws of the state where the business is located. If the franchisee is a partnership, corporation, or other entity, they must be legally authorized to conduct business in that state.
Furthermore, throughout the franchise term, the franchisee is required to keep all necessary licenses and permits mandated by public authorities in force. This ensures that the Counselor Realty business operates in full compliance with all applicable regulations.
It is also important to note that the Wisconsin Department of Regulation and Licensing, the Wisconsin Realtors Association, the National Association of Realtors, local Boards of Realtors, and the Federal Trade Commission have established regulations governing the activities and business practices of real estate agents. Counselor Realty franchisees must comply with all of these regulations, emphasizing the importance of thorough investigation and understanding of these rules before purchasing a franchise.