How are the Additional Technology Services Fees for an Engel & Volkers franchise determined?

According to Engel & Volkers's 2025 Franchise Disclosure Document, the Additional Technology Services Fees are determined according to the then-current Technology Price List. These fees are payable upon receipt of an invoice, either to Engel & Volkers or their designated agent. Note 12 in the FDD refers to the Technology Price List and indicates that it includes Multiple Listing System integration fees, which vary by MLS Board, and other fees, as applicable. Engel & Volkers may authorize a third party to act as a collection agent for them.

For a prospective Engel & Volkers franchisee, this means the cost for technology services can fluctuate based on the specific services utilized and the prevailing rates at the time of invoicing. The fees are not fixed and can change over time as Engel & Volkers updates its Technology Price List. The franchisee needs to stay informed about the current price list to accurately budget for these technology-related expenses.

It is important for potential franchisees to carefully review the Technology Price List and understand all the components included in these fees. Since the fees can vary, franchisees should inquire about the typical range of these fees for their specific location and the technology services they anticipate using. Understanding these costs is crucial for assessing the overall financial viability of the franchise.