How long after signing the Counselor Realty agreement do I have to select a site for my office?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
1.2 Site Selection. You must select a site for your Office within 180 days after you sign this Agreement. After you notify us of a proposed site for your Office, we will have 30 days to review the site and to notify you whether or not we consent to your operation of the Business at that site. If we reject the site you propose, you will have an additional 60 days to locate a site that is acceptable to us. If you fail to do so, this Agreement will automatically terminate and we will refund your Initial Franchise Fee, less our expenses associated with reviewing the proposed site(s). After we consent to an Office site you propose (if at all), you must open your Business at that site within six months. If you fail to do so, this Agreement will automatically terminate and your Initial Franchise Fee will not be refunded. We may, in our sole discretion, grant extensions of the deadlines described above. Our consent to a site is not a guarantee or assurance as to the availability, suitability or prospects of an Office or Business.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, you have 180 days after signing the Franchise Agreement to select a site for your office. After you notify Counselor Realty of your proposed site, they have 30 days to review it and notify you whether they consent to the location.
If Counselor Realty rejects your initial site, you are given an additional 60 days to find a site that meets their approval. Failure to secure an acceptable site within this extended timeframe will result in the automatic termination of the Franchise Agreement. In this case, Counselor Realty will refund your Initial Franchise Fee, but they will deduct any expenses they incurred while reviewing the proposed sites.
Once Counselor Realty approves a site, you must open your Counselor Realty Business at that location within six months. Failing to do so will also result in the automatic termination of the Franchise Agreement, but in this scenario, your Initial Franchise Fee will not be refunded. Counselor Realty may, at their discretion, grant extensions to these deadlines.