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How does the obligation to pay the

Counselor_Realty Franchise · 2025 FDD

Answer from 2025 FDD Document

Office locations that have elected to have an optional agent website.

  • 5.6 Mobile App Fees. Mobile app setup is optional except for the 11 county metropolitan area of the Twin Cities of Minneapolis and St. Paul, Minnesota (including the Counties of Scott, Wright, Isanti, Dakota, Anoka, Hennepin, Washington, Carver, Ramsey, Sherburne and Chisago). If your Office (or any Additional Office or Extension Office) is located in one of the aforementioned counties, or if you elect to utilize the Mobile App, you must pay us a Mobile App Fee equal to the costs incurred by Counselor to initiate and continue your Mobile App service, including one-time setup fees and monthly data/phone fees. The amount of the Mobile App Fee may be increased during the term of this Agreement by Counselor from time to time in its sole discretion. At the beginning of each month, we will send you an invoice for the amount of the Mobile App Fee you owe us for the prior month, and you must pay us the amount of such Mobile App Fee on or before the 20th day of such month.
  • 5.7 Interest and Insufficient Funds. Interest shall accrue on any unpaid past due amounts you owe us from the date due until paid, at a rate of the lower of (i) 8% per year; or (ii) the maximum contract rate of interest allowed by law. If any payments are returned for any reason, you will pay us for the amount of the fee charged by Counselor's bank. You also will pay costs, including reasonable attorneys' and litigation expense fees, we incur collecting these past due amounts from you or enforcing this agreement.

6. COUNSELOR SERVICES.

  • 6.1 Training. At your request, Counselor will provide you and up to two of your key personnel initial training at a "Counselor" office or other location designated by Counselor, at any mutually convenient time. At your request, Counselor will provide supplemental initial and/or ongoing training for you and/or your key personnel at a "Counselor" office or other location designated by Counselor, at any mutually convenient time. You must pay Counselor a fee for training (including initial training) in the amount of $175 per trainer per hour. In addition, you must pay all travel, living and incidental expenses you and your employees, and our trainers, incur in connection with training. A copy of our Franchise Policy Guidelines will be available at our corporate office in Coon Rapids, Minnesota. We may change the Franchise Policy Guidelines periodically.
  • 6.2 Advisory Services. We will advise you about proper display of the Marks, procuring fixtures and initial inventories, Counselor's business procedures, and other general guidance and advice regarding the franchised business. We may request that you attend certain meetings.
  • 6.3 Website. We will create a separate webpage or subdomain for your Office and any Extension Office on Counselor Realty, Inc.'s website. If we have consented to any Additional Office locations, you may request to have us set up a separate webpage or subdomain for any such Additional Office on Counselor Realty, Inc.'s website. We will create a separate webpage or subdomain on Counselor Realty, Inc.'s website for those licensed agents you request in writing. All webpages and subdomains we create for the licensed agents operating through your Office

(including any Additional Office or Extension Office) will include an IDX home search option for each market that the agent directly serves with listing reciprocity among Counselor Realty, Inc. and our franchisees (local MLS fees are the agent's responsibility). You will be required to pay us a Website Set Up Fee for any such webpages or subdomains, as more particularly described in Section 5.5.

What This Means (2025 FDD)

According to Counselor Realty's 2025 Franchise Disclosure Document, franchisees have several obligations regarding payments for various fees and services. Counselor Realty will send an invoice at the beginning of each month for the Mobile App Fee, which the franchisee must pay by the 20th of that month. The amount of the Mobile App Fee can be increased at Counselor Realty's discretion. If a franchisee's office is located in the 11-county metropolitan area of Minneapolis and St. Paul, Minnesota, the mobile app setup is mandatory.

Franchisees must also pay a monthly Website Fee of $75 for each office location, plus $25 for each licensed agent who chooses to have an optional agent website provided by Counselor Realty. For example, if a franchisee has 10 agents with optional websites, the Website Fee would be $325. This fee can also be increased at Counselor Realty's discretion. Invoices for the Website Fee are sent at the beginning of each month and are due by the 20th of the month.

In the event of late payments, Counselor Realty will charge interest on the overdue amount from the due date until it is paid, at a rate of the lower of 8% per year or the maximum contract rate allowed by law. Additionally, if any payments are returned, the franchisee will be charged the amount of the fee charged by Counselor Realty's bank. Failure to pay amounts owed can result in termination of the Franchise Agreement, and Counselor Realty is entitled to recover costs, including reasonable attorney's fees, if it has to commence a suit to collect the amounts due.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.