To whom are professional fees paid for a Counselor Realty franchise?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
NT**
| (1) Type of Expenditure | (2) Amount | (3) Method of Payment | (4) When Due | (5) To Whom Payment is to be Made |
|---|---|---|---|---|
| Initial Fee (see Item 5) | $7,500 to $15,000 | Lump sum | When you sign Franchise Agreement | Counselor |
| Real Estate Lea |
Source: Item 7 — INITIAL INVESTMENT (FDD pages 13–15)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, professional fees, which range from $0 to $6,000, are paid to attorneys and accountants. These fees are typically incurred before opening the Counselor Realty franchise.
The FDD notes that these professional fees cover expenses such as hiring an attorney to review documents or assist in forming a business organization, or hiring an accountant to assist with tax and other financial matters. The actual amount will depend on the specific services required and the rates charged by these professionals.
Prospective Counselor Realty franchisees should budget for these professional fees as part of their initial investment. It's important to note that these fees are estimates, and the actual costs may vary. Engaging qualified attorneys and accountants is crucial for ensuring legal and financial compliance when setting up the franchise.