What is the obligation of a Counselor Realty franchisee to pay the Continuing Agent Fees?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
5.3 Continuing Agent Fees.
The Base Monthly Fee above includes the first 5 agents operating through your Office.
You must pay us a monthly Continuing Agent Fee in an amount equal to $53 per licensed agent for the sixth through 15th licensed agent operating through your Office; $37 per licensed agent for the 16th through 35th licensed agent operating through your Office; and $32 per licensed agent for the 36th and each additional licensed agent operating through your Office.
For purposes of clarity, if you have 50 licensed agents operating through your Office for a certain month, your Continuing Agent Fee for that month would be $1,750 ($53 multiplied by 10, plus $37 multiplied by 20, plus $32 multiplied by 15).
For purposes of calculating the Continuing Agent Fee pursuant to this Section 5.3, the number of agents operating through your Office for any given month shall be the number of licensed agents listed as operating through your Office with the Minnesota Department of Commerce on the first day of the applicable month.
At the beginning of each month, we will send you an invoice for the amount of the Continuing Agent Fee you owe us for the current month, and you must pay us the amount of such Continuing Agent Fee on or before the 20th day of such month.
If Counselor has consented to any Additional Office locations or Extension Office locations, any licensed agents operating from any such Additional Office locations or Extension Office locations will be counted in the number of agents operating through your Office for purposes of this Section 5.3.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee is obligated to pay Continuing Agent Fees based on the number of licensed agents operating through their office. The Base Monthly Fee covers the first five agents. For the sixth through 15th agent, the fee is $53 per agent. For the 16th through 35th agent, it is $37 per agent, and for the 36th and each additional agent, the fee is $32 per agent.
To clarify, if a Counselor Realty franchisee has 50 licensed agents, the Continuing Agent Fee would be $1,750, calculated as follows: ($53 multiplied by 10) + ($37 multiplied by 20) + ($32 multiplied by 15). The number of agents is determined by the number listed with the Minnesota Department of Commerce on the first day of the month.
Counselor Realty will send an invoice at the beginning of each month for the Continuing Agent Fees, which the franchisee must pay by the 20th of that month. If the franchisee has Additional Office or Extension Office locations, the agents operating from those locations are included in the total count for calculating the Continuing Agent Fee.