What is the condition for paying the Additional Technology Services Fees to Engel & Volkers?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Additional Technology Services Fees | According to then current Technology Price List. | Upon receipt of an invoice. | Payable to us or our agent. (See Note 12) |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the Additional Technology Services Fees are payable upon receipt of an invoice. The amount of these fees is determined according to the then-current Technology Price List. These fees are payable either to Engel & Volkers or to their designated agent.
For a prospective franchisee, this means that the cost for these technology services can vary and will be outlined in a separate Technology Price List. It is important to review this list carefully to understand the potential costs associated with technology services provided by Engel & Volkers. The franchisee should also confirm who the payment is to be made to, whether directly to Engel & Volkers or to a third-party agent.
It is also important to note that Engel & Volkers may authorize a third party to act as a collection agent for them regarding these fees. Prospective franchisees should inquire about the typical range of these technology fees and how frequently the Technology Price List is updated to anticipate potential changes in costs.