When are the Additional Technology Services Fees due for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Additional Technology Services Fees | According to then current Technology Price List. | Upon receipt of an invoice. | Payable to us or our agent. (See Note 12) |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, Additional Technology Services Fees are due upon receipt of an invoice. The amount of these fees is determined by the then-current Technology Price List. These fees are payable either to Engel & Volkers or their designated agent.
This means that as an Engel & Volkers franchisee, you will need to budget for these technology service fees and ensure timely payment upon receiving an invoice to avoid any potential late payment penalties or disruptions in service. The Technology Price List, which dictates the specific costs, is subject to change, so franchisees should stay informed about the current pricing.
It is common in franchising for technology fees to be invoiced, as technology needs and usage can vary. Franchisees should clarify with Engel & Volkers what specific services are covered by these fees and how the Technology Price List is updated and communicated to franchisees.