What is the role of the Federal Trade Commission regarding the Counselor Realty franchise offering?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
IF COUNSELOR DOES NOT DELIVER THIS FRANCHISE DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE COMMISSION, WASHINGTON, D.C. 20580 AND THE WISCONSIN COMMISSIONER OF SECURITIES, 345 WEST WASHINGTON AVENUE, 4TH FLOOR, MADISON, WISCONSIN 53703
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the Federal Trade Commission (FTC) plays a role in ensuring compliance with federal laws related to franchising. Specifically, the FDD states that a violation of federal law may have occurred if Counselor Realty does not deliver the Franchise Disclosure Document on time, or if it contains a false or misleading statement, or a material omission.
The FDD indicates that if a violation has occurred, it should be reported to the Federal Trade Commission in Washington, D.C. This means the FTC is an avenue for franchisees to report potential issues with the disclosure or accuracy of information provided by Counselor Realty.
This information is crucial for prospective franchisees as it highlights their rights and recourse options if they believe they have been provided with inaccurate or incomplete information during the franchise sales process. It is a standard practice in the franchise industry for the FTC to oversee franchise offerings and protect potential franchisees from deceptive practices.