What is the required status of the real estate broker's license for a Counselor Realty franchisee?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
You must at all times possess a bona fide real estate broker's license in good standing under the laws of the state where the Business is located. If you are a partnership, corporation or other entity, you must be legally authorized to do business in the state where your Business is located. At all times during the term of the franchise you must keep in force all necessary licenses and permits required by public authorities. The Wisconsin Department of Regulation and Licensing, the Wisconsin Realtors Association, the National Association of Realtors, local Boards of Realtors, and the Federal Trade Commission have adopted various regulations which govern the activities and business practices of real estate agents. You must comply with all of these regulations and should investigate them before deciding whether to purchase a Counselor franchise.
Source: Item 1 — THE FRANCHISOR, AND ANY PARENT, PREDECESSORS AND AFFILIATES (FDD pages 7–8)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, a franchisee must possess a "bona fide real estate broker's license in good standing" in the state where their business is located. This requirement extends to the entire term of the franchise agreement. If the franchisee is a business entity such as a partnership or corporation, it must be legally authorized to conduct business in the relevant state.
This licensing requirement ensures that Counselor Realty franchisees are qualified and legally able to provide real estate brokerage services. It also means franchisees must maintain their license in good standing throughout the franchise term, adhering to all applicable laws and regulations. Failure to maintain the required license could result in a breach of the franchise agreement.
Prospective franchisees should investigate the specific real estate licensing requirements in their state and understand the ongoing obligations to maintain that license. They should also be aware of the regulations from entities such as the Wisconsin Department of Regulation and Licensing, the Wisconsin Realtors Association, the National Association of Realtors, local Boards of Realtors, and the Federal Trade Commission, as these also govern the activities and business practices of real estate agents.