What are the components 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' 2025 Franchise Disclosure Document, the transfer fee is comprised of two potential components. The first is a flat administrative fee of $2,500. The second component applies specifically if the transfer involves a securities offering, in which case the fee is $10,000, or a higher amount if necessary to cover Engel & Volkers' reasonable costs.
This fee is due before or at the time of the franchise transfer. The FDD specifies that there are no other requirements related to the transfer fee beyond these components and the timing of payment.
For a prospective Engel & Volkers franchisee, this means that if they decide to sell their franchise, they should be prepared to pay at least $2,500. If the sale involves a securities offering, they should anticipate a significantly higher fee, potentially starting at $10,000, to cover the franchisor's costs. It is important to note that Engel & Volkers retains the right to amend fees from time to time.