Under what conditions might Counselor Realty alter the territory upon renewal?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Upon renewal of your franchise and during the successor term, if any, (i) your Territory may be altered if the population in your Territory has increased to exceed the maximum population then allowed by Counselor for a single franchise territory or if you failed to maintain the minimum number of agents during the prior term, and (ii) you must pay all fees in the amount then being charged by Counselor for new franchises. You also must first complete reasonable upgrading and refurbishment of your Office (including any Additional Offices and Extension Offices, if applicable) to then-current System standards.
Source: Item 22 — CONTRACTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, the territory granted to a franchisee may be altered upon renewal under specific conditions. If a franchisee applies for a successor franchise, the new agreement will include a renegotiated minimum sales agent requirement.
Upon renewal and during the successor term, Counselor Realty may alter the franchisee's territory if the population in the territory has increased beyond the maximum allowed for a single franchise territory. Additionally, if the franchisee failed to maintain the minimum number of agents during the prior term, Counselor Realty reserves the right to modify the territory.
These stipulations highlight the importance of maintaining adequate sales agent numbers and being aware of population changes within the territory. Prospective franchisees should consider these factors carefully, as failure to meet these requirements could lead to territory adjustments by Counselor Realty during the renewal term. Franchisees should proactively monitor their agent numbers and territory demographics to ensure compliance and avoid potential alterations to their territory upon renewal.