Who is responsible for obtaining necessary licenses for a Counselor Realty Business and Office?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
- (b) Franchisee must maintain a bona fide real estate broker's license in good standing under the laws of the state where the Business is located. If Franchisee is a partnership, corporation or other entity, Franchisee must be legally authorized to do business in the state where your Business is located;
- (d) be managed by you or a designated manager involved in the day-to-day operation of the Business; be staffed with qualified and trained employees and licensed real estate agents, in conformity with local, state and federal laws and regulations, who are employed or contracted solely by you, not by us. You are solely responsible for hiring and discharging employees, and setting their wages and terms of employment. You are solely responsible for entering into and terminating contracts with agents;
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the franchisee is responsible for obtaining the necessary licenses to operate the business. The franchisee must maintain a bona fide real estate broker's license in good standing under the laws of the state where the business is located. If the franchisee is a partnership, corporation, or other entity, it must be legally authorized to do business in the state where the business is located.
Furthermore, the franchisee is responsible for ensuring that the business is managed by them or a designated manager involved in the day-to-day operations. They must also staff the business with qualified and trained employees and licensed real estate agents, in conformity with local, state, and federal laws and regulations. These employees and agents must be employed or contracted solely by the franchisee, not by Counselor Realty.
This means that a prospective Counselor Realty franchisee needs to be aware of all licensing requirements in their state and ensure they meet them before starting operations. They also need to ensure that all their employees and agents are properly licensed and trained. Failure to comply with these requirements could result in legal issues and potential termination of the franchise agreement.