To whom are the Additional Technology Services Fees payable 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' 2025 Franchise Disclosure Document, the Additional Technology Services Fees are payable either to Engel & Volkers itself or to an agent acting on their behalf. The exact 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 a prospective Engel & Volkers franchisee, you should be prepared to remit these technology-related fees promptly upon invoicing. It is important to stay updated on the Technology Price List to understand the potential costs involved. Engel & Volkers may use a third party to collect these fees.
It is also important to note that Engel & Volkers retains the right to modify these fees over time. Franchisees should maintain open communication with Engel & Volkers to stay informed about any changes to the Technology Price List or payment procedures.