Does Counselor Realty specify the method of payment for training fees?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
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| (1) Name of Fee | (2) Amount | (3) Due Date | (4) Remarks |
|---|---|---|---|
| Base Monthly Fee | $371 per month | Payable monthly by the 20th day of the month | See Note A |
| Continuing Agent Fee | $32 to $53 per licensed agent operating from or through your Office | Payable monthly by the 20th day of the month | See Note B |
| (1) | (2) | (3) | (4) |
| Name of Fee | Amount | Due Date | Remarks |
| Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H |
| Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I |
| Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J |
| Legal Fees | As incurred | Payable when billed | See Note K |
| (1) | (2) | (3) | (4) |
| Name of Fee | Amount | Due Date | Remarks |
| Late Charges | Lesser of 8% per year or maximum contract rate of interest allowed by law | Payable when billed | See Note H |
| Insufficient Funds/ Return Fees | Amount of the insufficient funds or return fee charged by Counselor's bank | Payable when billed | See Note I |
| Training Fees | $175 per hour, plus all travel, living and incidental expenses | Payable when billed | See Note J |
| Legal Fees | As incurred | Payable when billed | See Note K |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the method of payment for training fees is not explicitly detailed. However, the FDD does specify when the training fees are due. The franchisee is required to pay $175 per hour per trainer, in addition to all travel, living, and incidental expenses incurred by both the franchisee/employees and Counselor Realty's trainers. These additional expenses could range from $0 to $750 per person per day, depending on travel requirements and other factors.
The FDD indicates that these training fees, along with associated expenses, are "payable when billed." This suggests that Counselor Realty will invoice the franchisee for these costs. It is important to note that the exact method of payment (e.g., check, electronic transfer, etc.) is not specified in the document.
Prospective franchisees should clarify the acceptable methods of payment for training fees with Counselor Realty during their due diligence. Understanding the payment options and any associated processing fees is crucial for managing cash flow and budgeting effectively. Additionally, franchisees should inquire about the typical billing cycle and any potential discounts for early payment.