After notifying Counselor Realty of a proposed site, how many days does Counselor Realty have to review the site?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
You must select a site for your Office within 180 days after you sign the Franchise Agreement. After you notify Counselor of a proposed site for your Office, Counselor has 30 days to review the site and to notify you whether or not it consents to your operation of the Business at that site. If Counselor rejects the site you propose, you will have an additional 60 days to locate a site that is acceptable to Counselor. If you fail to do so, the Franchise Agreement will automatically terminate and Counselor will refund your Initial Fee, less Counselor's expenses associated with reviewing the proposed site(s). After Counselor consents to an Office site you propose, you must open your Business at that site within
six months. If you fail to do so, the Franchise Agreement will automatically terminate and your Initial Fee will not be refunded. Counselor may, in its sole discretion, grant extensions of the deadlines described above.
Source: Item 5 — INITIAL FEES (FDD page 9)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, once a prospective franchisee notifies Counselor Realty of a proposed site for their office, Counselor Realty has 30 days to review the site. During this period, Counselor Realty will assess the suitability of the location and notify the franchisee whether or not they consent to the operation of the business at that specific site.
If Counselor Realty rejects the proposed site, the franchisee is then given an additional 60 days to find an alternative location that meets Counselor Realty's approval. Failure to secure an acceptable site within this extended timeframe may lead to the termination of the Franchise Agreement. In such cases, Counselor Realty will refund the Initial Franchise Fee, but will deduct any expenses incurred during the site review process.
It's important to note that even if Counselor Realty consents to a proposed site, this consent does not act as a guarantee regarding the site's availability, suitability, or potential success for the Counselor Realty business. The franchisee bears the ultimate responsibility for evaluating these factors and ensuring the chosen location aligns with their business objectives. After Counselor Realty consents to the site, the franchisee has six months to open their business or the Franchise Agreement will be terminated and the Initial Franchise Fee will not be refunded.