What is the approximate cost of purchasing the required computer hardware and software for an Engel & Volkers location?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
able to those costs that the fund would otherwise incur if the products or services were obtained from unaffiliated third parties.
Computer Systems
To participate in the Engel & Völkers System, you must use or acquire specified computer equipment, that meets any minimum memory and other standards as described in the System Documentation. Currently there are no required minimum memory or other standards described in the System Documentation. This computer equipment is generally designed to handle other software applications related to the operation of franchised businesses. Based on industry standards, processing requirements and our discretion, you must upgrade hardware components as needed. The approximate cost of purchasing the computer hardware and software is approximately $15,000 - $30,000 per location.
You may purchase various additional technology services from us at prices described in the then current Technology Price List for those services.
We may have independent access to information and data that is electronically collected by your Residential Real Estate Brokerage. The type of information that will be collected by the Integrated Product Suite includes real estate property listing information, seller contact information. There are no contractual restrictions on our right to access such information and data.
We may periodically modify our standards, which will be communicated to you in corresponding updates to the System Documentation, which will require you to upgrade or update your system. There are no contractual limitations on the frequency or cost of this obligation. Apart from the Integrated Product Suite license with us currently there are no optional or required maintenance, updating, or support contracts that you are required to enter into and therefore no annual costs associated with maintenance, updating or computer support.
Other than the Integrated Product Suite described above, we have no obligation to assist you in obtaining the computer goods and services described in this Franchise Disclosure Document. As far as our recommendations for specific computer component manufacturers, you may purchase or lease the hardware and software from any manufacturer meeting our minimum standards and from any computer supplier you choose. Neither we nor any of our affiliates or third parties has any obligation to provide ongoin
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 43–54)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the approximate cost of purchasing the necessary computer hardware and software ranges from $15,000 to $30,000 per location. Engel & Volkers requires franchisees to use specific computer equipment that meets minimum standards as described in the System Documentation. Currently, the System Documentation does not specify any minimum memory or other standards.
Engel & Volkers may offer additional technology services at prices listed in their Technology Price List. Franchisees are responsible for upgrading hardware components as needed, based on industry standards, processing requirements, and the franchisor's discretion. Engel & Volkers also has independent access to the data collected by the franchisee's Residential Real Estate Brokerage through the Integrated Product Suite, including real estate property listing information and seller contact information.
Engel & Volkers may periodically modify its standards, requiring franchisees to upgrade or update their systems, with no contractual limitations on the frequency or cost of this obligation. Apart from the Integrated Product Suite license, there are currently no mandatory maintenance, updating, or support contracts, and therefore no associated annual costs. Franchisees can purchase or lease hardware and software from any manufacturer that meets Engel & Volkers' minimum standards and from any computer supplier of their choice. However, neither Engel & Volkers nor its affiliates are obligated to provide ongoing maintenance, repairs, upgrades, or update services, except for the technology services contracted directly with them.