What is the purpose of the 'List of Franchises' document for Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
| A. B. C. | Financial Statements Franchise Agreement List of Franchises | D. E. | List of State Franchise Administrators State Addendum | ||
|---|---|---|---|---|---|
| Name | Signature | PROSPECTIVE FRANCHISEE (Print or type name of corporation or partnership) Date | |||
| 1. | |||||
| 2. | |||||
| 3. | |||||
| 4. | DISCLOSURE DOCUMENT AND MUST BE RETURNED IMMEDIATELY TO: Name, address and telephone number of the franchise seller offering the franchise: | THIS PAGE MUST BE SIGNED BY AN OFFICER OF A CORPORATION, THE GENERAL PARTNER(S) OF A PARTNERSHIP, OR ANY INDIVIDUAL RECEIVING A COPY OF THE FRANCHISE COUNSELOR REALTY FRANCHISING, INC. 3200 NW Main Street, Suite 110 Coon Rapids, Minnesota 55448 |
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the 'List of Franchises' is included as part of the contracts in Item 22. The document is part of the Franchise Disclosure Document (FDD) that Counselor Realty provides to prospective franchisees.
Prospective franchisees are required to acknowledge receipt of the FDD and its exhibits, which include the 'List of Franchises'. This acknowledgement is confirmed by signing and returning a copy of the agreement. The FDD is intended to summarize key provisions of the franchise agreement and other relevant information in plain language, ensuring that potential franchisees have access to important details before making a commitment.
The FDD must be provided to the prospective franchisee at least 14 calendar days before they sign a binding agreement or make any payments to Counselor Realty or its affiliates. This timeframe allows the franchisee to carefully review the document and seek independent legal and financial advice to fully understand the franchise opportunity. The inclusion of the 'List of Franchises' ensures transparency and provides the franchisee with information about the existing network of Counselor Realty franchisees.
If Counselor Realty fails to deliver the FDD on time or if the document contains false or misleading statements, or material omissions, it may constitute a violation of federal and state law. Such violations should be reported to the Federal Trade Commission and other relevant state authorities. Therefore, the 'List of Franchises' serves as a component of the FDD, contributing to the overall transparency and compliance required in franchise offerings.