Which states require the Counselor Realty Franchise Disclosure Document to be registered or filed?

According to Counselor Realty's 2025 Franchise Disclosure Document, several states have franchise laws that mandate the registration or filing of the Franchise Disclosure Document (FDD), or require an exemption from registration. These states include California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin.

For a prospective Counselor Realty franchisee, this means that the franchisor has complied with specific legal requirements in these states to offer and sell franchises. These regulations are designed to protect franchisees by ensuring they receive comprehensive information about the franchise opportunity before making a significant investment. The FDD provides details about the franchise system, fees, obligations, and other important aspects of the franchise agreement.

It is important to note that other states may have similar requirements under different laws, such as those regulating business opportunities or seller-assisted marketing plans. Therefore, a potential franchisee should verify the specific regulations in their state of interest to ensure full compliance and understanding of their rights and obligations. Consulting with a legal and financial advisor is recommended to navigate these complexities and make informed decisions about investing in a Counselor Realty franchise.