When did Engel & Volkers begin offering master franchises in the residential real estate segment?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We began offering master franchises in the residential real estate segment in February 2006 and we disclose the sale of residential real estate master franchises by a separate FDD. We began offering direct franchises in the residential real estate segment in April 2011.
Until March 2013, we granted master franchises and direct franchises to operate "Property Shops". The Property Shops were intended to be located exclusively at top pedestrian (retail) locations. We are now describing the franchises we grant as Residential Real Estate Brokerages in order to convey that we are now primarily seeking conversion franchisees already in the residential real estate brokerage business who can operate not only from retail locations, but combine retail locations with non-retail locations.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–15)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the company began offering master franchises in the residential real estate segment in February 2006. Engel & Volkers also discloses the sale of residential real estate master franchises through a separate FDD.
This indicates that prospective franchisees interested in acquiring a master franchise for residential real estate should consult the specific Franchise Disclosure Document related to master franchises to understand the terms, conditions, and obligations associated with this type of franchise. It also suggests that the requirements, fees, and support structures may differ between a direct franchise and a master franchise.
Engel & Volkers also offered direct franchises in the residential real estate segment beginning in April 2011. Until March 2013, Engel & Volkers granted master franchises and direct franchises to operate "Property Shops", which were intended to be located exclusively at top pedestrian (retail) locations. Now, Engel & Volkers describes the franchises they grant as Residential Real Estate Brokerages in order to convey that they are now primarily seeking conversion franchisees already in the residential real estate brokerage business who can operate not only from retail locations, but combine retail locations with non-retail locations.