How long does Counselor Realty have to review an Extension Office application?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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You may apply to open one or more additional offices outside of your designated Territory (an "Extension Office") by submitting a request to Counselor describing the location of such proposed Extension Office as well as any additional information Counselor may require or request, along with a one-time fee of $750 for each Extension Office location (the "Extension Office Application Materials"). After Counselor's receipt of such Extension Office Application Materials (including the one-time fee), Counselor will have 30 days to review the Extension Office Application Materials and proposed Extension Office location and notify you whether or not Counselor consents to your opening of such Extension Office location. Counselor's consent to any Extension Office location will be contingent on you and Counselor reaching a mutual agreement as to the minimum number of sales agents that will operate from the Extension Office. Any Extension Office we consent to must comply with all requirements of the Franchise Agreement and then-current System standa
Source: Item 12 — TERRITORY (FDD pages 21–23)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the company has 30 days to review an Extension Office application after receiving the required materials and fee. Specifically, the franchisee must submit a request describing the proposed location and any additional information Counselor Realty requires, along with a one-time fee of $750 for each Extension Office location.
This 30-day review period is a standard practice in franchising, allowing the franchisor to assess the suitability of the proposed location and its potential impact on the existing network. Counselor Realty's consent is contingent upon reaching a mutual agreement with the franchisee regarding the minimum number of sales agents that will operate from the Extension Office. This condition ensures that the Extension Office will be adequately staffed and contribute to the overall success of the franchise system.
It is important to note that any Extension Office approved by Counselor Realty must comply with all requirements of the Franchise Agreement and the then-current System standards. Failure to maintain the agreed-upon minimum number of sales agents in the Extension Office can result in Counselor Realty requiring the franchisee to close the Extension Office or even terminating the Franchise Agreement. This highlights the importance of careful planning and resource allocation when considering opening an Extension Office.