When is the Commercial Designation Annual Fee due for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Commerical Designation Annual Fee | $5,000 - $6,000 per year (depending on obtaining a Commercial Designation) | Upon receipt of invoice | The Commercial Designation is an optional program for qualified franchisees. (See Note 13) |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the Commercial Designation Annual Fee is due upon receipt of an invoice. This fee ranges from $5,000 to $6,000 per year, depending on whether the franchisee obtains a Commercial Designation.
The Commercial Designation is an optional program for qualified Engel & Volkers franchisees. This means that not all franchisees will be required to pay this fee; it is only applicable to those who choose to participate in the Commercial Designation program and meet the necessary qualifications.
It is important to note that Engel & Volkers reserves the right to discontinue the Commercial Designation program. If the program is discontinued, franchisees would no longer be required to pay the annual fee. Prospective franchisees should inquire about the specific criteria for obtaining the Commercial Designation and the benefits associated with it to determine if participation is a worthwhile investment.