Is there a maximum amount for the legal fees charged by Counselor Realty?
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 |
Source: Item 6 — OTHER FEES (FDD pages 9–13)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the legal fees franchisees may incur are not capped at a maximum amount. The FDD states that franchisees are responsible for legal fees 'as incurred,' meaning the total cost will depend on the specific legal services required and the rates of the attorneys providing those services. These fees are payable when billed.
This arrangement means a Counselor Realty franchisee's legal expenses could vary significantly. Factors influencing the total cost might include the complexity of any legal issues, the duration of legal proceedings, and the hourly rates of the attorneys involved. Unlike some other fees that have set amounts or formulas for calculation, legal fees are open-ended and can be difficult to predict.
Prospective franchisees should consider this uncapped expense when budgeting for their franchise. It would be prudent to discuss with Counselor Realty what types of situations might lead to the franchisee incurring legal fees. Understanding these potential scenarios can help a franchisee better prepare for and manage these costs. Additionally, it may be wise to consult with a legal professional to understand the possible range of these expenses based on local market conditions and typical legal service costs.