How often does a Counselor Realty franchisee pay the Base Monthly Fee?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| (1) Name of Fee | (2) Amount | (3) Due Date | (4) Remarks |
|---|---|---|---|
| Base Monthly Fee | $371 per month | Payable monthly by the 20th day of the month | See Note A |
| Continuing Agent Fee | $32 to $53 per licensed agent operating from or through your Office | Payable monthly by the 20th day of the month | See Note B |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, franchisees are required to pay a Base Monthly Fee. The Base Monthly Fee is $371 per month. This fee is payable monthly by the 20th day of the month.
The Base Monthly Fee covers the first five licensed agents operating through the franchisee's office. This means that a franchisee can have up to five agents without incurring additional agent-specific fees beyond the base monthly fee. This structure is common in the real estate franchise industry, where fees are often tiered based on agent count.
It is important to note that failure to pay the Base Monthly Fee, or any other fees owed to Counselor Realty, can result in interest charges and potential termination of the Franchise Agreement. The FDD specifies that interest will be charged on overdue amounts at a rate of the lower of 8% per year or the maximum contract rate of interest allowed by law in the state where the business operates. Additionally, Counselor Realty is entitled to recover its costs, including reasonable attorneys' fees, if it commences a suit to collect amounts due.