What page of the Counselor Realty Franchise Agreement discusses the 'Fees' section 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. If your Office (or any Additional Office or Extension Office) is located within the 11-county metropolitan area of the Twin Cities of Minneapolis and St.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to the 2025 Counselor Realty Franchise Disclosure Document, Section 5 of Item 22 discusses the fees associated with the Counselor Realty franchise. This section outlines various fees that a franchisee must pay, including the Initial Franchise Fee, Base Monthly Fee, Continuing Agent Fees, Advertising Fees, and Website Fees.
The Initial Franchise Fee amount is not specified in the excerpt but is acknowledged as received by Counselor Realty. The Base Monthly Fee is $371, payable by the 20th of each month. Continuing Agent Fees are tiered based on the number of licensed agents, ranging from $53 per agent for the 6th through 15th agent, to $32 per agent for the 36th and subsequent agents. For example, a franchisee with 50 agents would pay $1,750 in Continuing Agent Fees.
Website fees include an initial Website Set Up Fee, the amount of which is equal to the costs incurred by Counselor Realty in setting up the webpage. Additionally, there is a monthly Website Fee of $75 per office location, plus $25 for each licensed agent who chooses to have an optional agent website provided by Counselor Realty. For instance, an office with 10 agents using optional websites would incur a $325 monthly Website Fee. These fees are subject to change at Counselor Realty's discretion.
Prospective franchisees should carefully review Section 5 of Item 22 within the Franchise Agreement to fully understand all applicable fees, payment schedules, and potential changes to these fees during the term of the agreement. Understanding these financial obligations is crucial for assessing the overall cost and profitability of operating a Counselor Realty franchise.