factual
What is the administrative fee component of the Transfer Fee for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Transfer Fee (See Note 1) | $2,500 administrative fee. $10,000 or such higher amount as is necessary to reimburse our reasonable costs, in the case of a securities offering. | Before or at transfer. | There are no other requirements. (See Note 14) |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the transfer fee includes an administrative component. Specifically, the FDD states that the transfer fee is $2,500 for administrative costs.
In addition to the administrative fee, Engel & Volkers may charge a higher transfer fee to reimburse their reasonable costs if the transfer involves a securities offering. In that case, the transfer fee will be $10,000 or such higher amount as is necessary to reimburse their reasonable costs.
The transfer fee is due before or at the time of the transfer. The FDD specifies that there are no other requirements related to the transfer fee beyond what is stated in the document.
Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.