What page of the Counselor Realty Franchise Agreement discusses continuing agent fees for Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
fees periodically for rights licensed or services provided to others.
5. FEES.
5.1 Initial Franchise Fee. We acknowledge receipt from you of an Initial Franchise Fee in the amount of $____________. Except as provided in Section 1.2, the Initial Franchise Fee is nonrefundable.
5.2 Base Monthly Fee. You must pay us a Base Monthly Fee of $371. At the beginning of each month, we will send you an invoice for the Base Monthly Fee, and you must pay us that fee on or before the 20th day of such month.
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.
5.4 Advertising Fees.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, Item 22 discusses contracts and fees associated with the franchise agreement. Specifically, Section 5.3 details the Continuing Agent Fees.
The Base Monthly Fee paid by the franchisee includes the first 5 agents operating through their office. For the 6th through 15th licensed agent, a monthly Continuing Agent Fee of $53 per agent is applied. For the 16th through 35th licensed agent, the fee is $37 per agent, and for the 36th and each additional licensed agent, the fee is $32 per agent. By way of example, if a 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).
Counselor Realty will send an invoice at the beginning of each month for the Continuing Agent Fee, which must be paid by the 20th of that month. The number of agents operating through the office is determined by the number of licensed agents listed with the Minnesota Department of Commerce on the first day of the month. If the franchisee has Additional Office or Extension Office locations, the licensed agents operating from those locations are included in the total count for calculating the Continuing Agent Fee.