How many copies of the Counselor Realty Disclosure Document receipt are required?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
The last two pages of this Disclosure Document (following the exhibits and attachments) are documents acknowledging receipt of this Disclosure Document by you (one copy for you and one copy for us). The Receipt must be signed and dated and delivered to us at least 14 calendar days before the signing of the Franchise Agreement or payment of any fee by you.
Source: Item 23 — RECEIPTS (FDD pages 32–70)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, two copies of the Disclosure Document receipt are required. The franchisee keeps one copy, and the other copy is for Counselor Realty. The receipt must be signed and dated by the franchisee.
This signed receipt confirms that the franchisee received the FDD, which is a critical step in the franchise sales process. Federal and state laws mandate a waiting period between when the FDD is received and when the franchise agreement is signed or any fees are paid. This waiting period allows the prospective franchisee time to review the document and seek professional advice.
The FDD receipt must be delivered to Counselor Realty at least 14 calendar days before the franchisee signs the Franchise Agreement or pays any fees. This requirement ensures compliance with franchise regulations and protects both the franchisor and franchisee by documenting the proper disclosure of information.