To whom are the Additional Technology Services Fees paid 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, the Additional Technology Services Fees are payable to Engel & Volkers or their agent. The amount of these fees is determined by the then-current Technology Price List, and payment is due upon receipt of an invoice.
This means that as an Engel & Volkers franchisee, you will be required to pay for technology services, and the cost can vary based on the specific services you use. Engel & Volkers retains the flexibility to use an agent to collect these fees, so franchisees should ensure they understand who the authorized payee is at the time of invoicing.
It is important for prospective franchisees to review the Technology Price List carefully to understand the full scope of potential technology costs. Franchisees should also confirm whether Engel & Volkers uses a third-party collection agent and verify payment details to avoid any discrepancies.