What is the required action for a Counselor Realty franchisee to pay the Base Monthly Fee?
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.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must pay a Base Monthly Fee of $371. Counselor Realty will send an invoice at the beginning of each month for this fee, and the franchisee is required to pay it on or before the 20th day of that month.
This Base Monthly Fee covers the first five agents operating through the franchisee's office. If the franchisee has more than five agents, they will also be required to pay a Continuing Agent Fee, which varies depending on the number of agents.
Therefore, to ensure timely payment of the Base Monthly Fee, a prospective Counselor Realty franchisee should mark their calendar for the 20th of each month and ensure payment is submitted by that date to avoid potential late fees or other penalties. Franchisees should also carefully track the number of agents operating through their office to accurately calculate and pay any applicable Continuing Agent Fees.