When are training fees payable for a Counselor Realty franchise?
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, training fees are payable when billed. This includes a fee of $175 per trainer per hour, in addition to all travel, living, and incidental expenses incurred by both the franchisee and Counselor Realty's trainers. These expenses can range from $0 to $750 per person per day, depending on travel requirements and other factors.
Prospective franchisees should note that these training fees cover initial and supplemental training for themselves and their key personnel. The exact amount of these fees and costs can vary, depending on third-party vendors selected and the extent of travel required. Franchisees and their employees will not be paid by Counselor Realty during training periods, which is a common practice in the franchise industry.
It is important for potential franchisees to factor in these training costs when assessing the overall investment required to start a Counselor Realty franchise. Understanding that these fees are due upon billing allows franchisees to plan their finances accordingly and ensure timely payment to avoid any late charges or potential disruptions to their training schedule.