Where are the advertising fees for GG Magazine published for an Engel & Volkers franchisee?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
eneral Public Relations activities.
- 10.2 GG Magazine: Franchisor will provide Franchisee from time to time with copies of the GG Magazine for its Approved Location with the cost to be borne by the National
Marketing and Technology Fund. Franchisor may provide a different number of copies of GG Magazine to the Approved Location than to other ENGEL & VÖLKERS residential real estate brokerages, depending on the likely use of GG Magazine by different brokerages, as estimated by Franchisor, or for such other reasons as determined by Franchisor in its sole discretion. Franchisee must place at least one (1) full page advertisement per year for its Approved Location by advertising properties in one (1) issue of GG Magazine (the issue to be selected by Franchisee). Should Franchisor grant Franchisee a franchise for multiple Approved Locations, Franchisee must place at least one (1) full page advertisement per year for the first and second Approved Location, at least one (1) additional full page advertisement per year for the third and fourth Approved Location and at least one (1) additional advertisement per year for the fifth or subsequent Approved Locations. Franchisee will be entitled to place additional advertisements subject to negotiations with the Grund Genug Verlag. The advertising fees are published in the then current Price Lists.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the advertising fees for GG Magazine are published in the then-current Price Lists. Engel & Volkers will periodically provide franchisees with a separate price list for training, GG Magazine advertising, and marketing articles. These Price Lists are subject to revision at any time by the third party (Grund Genug Verlag) or by Engel & Volkers.
As a franchisee, you are required to place at least one full-page advertisement per year for your Approved Location in one issue of GG Magazine, with the issue to be selected by you. If you have multiple Approved Locations, the advertising requirements increase: one full-page ad per year for the first and second locations, an additional full-page ad for the third and fourth locations, and another additional ad for the fifth and subsequent locations. You can place additional advertisements subject to negotiations with Grund Genug Verlag.
Franchisees must pay the prices set forth in the respective Price List that is current at the time the services are ordered. This means that advertising costs can fluctuate, and it's important to stay updated with the latest Price Lists provided by Engel & Volkers to accurately budget for your advertising obligations and optional additional advertisements.