What are the names of the agencies to which violations related to the Counselor Realty FDD should be reported?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
IF COUNSELOR DOES NOT DELIVER THIS DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION, WASHINGTON, D.C. 20580 AND THE WISCONSIN COMMISSIONER OF SECURITIES, 345 WEST WASHINGTON AVENUE, 4TH FLOOR, MADISON, WISCONSIN 53703.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, potential violations of federal and state law related to the FDD should be reported to two specific agencies. These agencies are the Federal Trade Commission (FTC) in Washington, D.C., and the Wisconsin Commissioner of Securities in Madison, Wisconsin. Specifically, the FDD lists the address for the Wisconsin Commissioner of Securities as 345 West Washington Avenue, 4th Floor, Madison, Wisconsin 53703.
This instruction is included in the FDD to ensure that prospective franchisees are aware of their rights and have avenues for recourse if they believe they have been provided with false, misleading, or incomplete information during the franchise sales process. The disclosure of these reporting agencies is a standard practice in franchising, providing a layer of protection for individuals considering investing in a franchise.
It is important for potential Counselor Realty franchisees to understand this information, as it empowers them to take action if they suspect any discrepancies or misrepresentations in the provided documentation. By knowing where to report potential violations, franchisees can contribute to maintaining transparency and ethical standards within the Counselor Realty franchise system.