Does Counselor Realty require franchisees to truthfully complete the franchise application?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
2.1 Acceptance.
- (a) You represent that you fully and truthfully completed our franchise application to the best of your knowledge, and that your execution of this Agreement and any related or supporting documents will not violate the terms or conditions of any other agreement to which Franchisee or Franchisee's owner(s) is a party, or any provision of Franchisee's articles of incorporation or bylaws, operating agreement or partnership agreement (where applicable).
- (b) You agree to open the Office within the time required under Section 1.2 of this Agreement (subject to extension in Counselor's sole discretion) and to operate it in accordance with the System and this Agreement. You agree to cooperate with us and our affiliates on all transactions in which you are involved and to pay commissions in accordance with contractual splits and rates and in accordance with industry norms.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, franchisees must fully and truthfully complete the franchise application. Specifically, the Franchise Agreement states that the franchisee represents that they have fully and truthfully completed the franchise application to the best of their knowledge.
This representation is part of the agreement the franchisee makes when signing the Franchise Agreement. It also stipulates that the franchisee's execution of the agreement and any related documents will not violate any other agreements they are a party to, or any provisions of their articles of incorporation, bylaws, operating agreement, or partnership agreement, if applicable.
This requirement ensures that Counselor Realty has accurate and complete information about potential franchisees. This allows them to assess the franchisee's suitability and ability to meet the obligations of the franchise agreement. Providing false or misleading information could be grounds for termination of the agreement and potential legal action.