What page of the Counselor Realty Franchise Agreement discusses the 'Franchisee Obligations' section for Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
7.2 Best Efforts, Confidentiality and No Conflicts of Interest.
- (a) You or your Business manager must furnish your personal full time and attention and best efforts to the management and operation of your Business.
- (b) During and after the term of this Agreement, you shall not disclose to a third party or use, except to operate the Business during the term of this Agreement, any confidential or proprietary information, or trade secret, that we own or disclose to you. You must require your Business manager (if any) and agents to sign a corresponding confidentiality agreement. You must return the entire Franchise Policy Guidelines to us promptly upon termination or expiration of this Agreement or any transfer.
- (c) During the term of this Agreement, you will not own any interest in, or work for, engage in or assist, directly or indirectly, any real estate brokerage service business other than Counselor, or that competes with Counselor, at or within 50 miles of the Office (or any Additional Office or Extension Office) without Counselor's prior written approval.
- (d) During the term of this Agreement and for a period of twenty-four (24) months after it expires, is terminated or is transferred, you will not alone, or in any capacity
with another person or entity, within the United States and any other geographical area in which Counselor operates, solicit or cause to be solicited any person or entity that is (or was within the previous six (6) months) an agent, employee or independent contractor of Counselor or another Counselor franchisee, for the purpose of hiring or contracting such person or entity to work for you or any other party, or for the purpose of inducing them to leave such party's employment or contract with Counselor or another Counselor franchisee.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
Based on the 2025 Counselor Realty Franchise Disclosure Document, the franchisee's obligations are detailed within the Franchise Agreement, specifically in section 7.2 and other areas. These obligations cover various aspects of operating the franchise.
The franchisee is expected to dedicate their full-time attention and best efforts to managing and operating the Counselor Realty business. This includes maintaining confidentiality regarding proprietary information and trade secrets, and refraining from engaging in any real estate brokerage service that competes with Counselor Realty within a 50-mile radius of the franchised office without prior written approval.
Furthermore, for twenty-four months after the agreement expires, is terminated, or is transferred, the franchisee is prohibited from soliciting employees or independent contractors of Counselor Realty or other Counselor Realty franchisees. These stipulations ensure the franchisee's commitment to the brand and protect Counselor Realty's interests by preventing unfair competition and the poaching of personnel.