As of what date are the numbers set forth in Engel & Volkers' Table No. 2 and Table No. 3?

According to Engel & Volkers' 2025 Franchise Disclosure Document, the numbers presented in Table No. 2 and Table No. 3 are set forth as of December 31st of each year. These tables provide an overview of the franchise's performance and activity during the years 2022 to 2024.

This means that the data regarding outlet transfers (Table No. 2) and the status of franchised outlets (Table No. 3) reflect the figures as they stood on the last day of each respective year. Prospective franchisees can rely on these year-end snapshots to understand trends in outlet ownership changes and the overall health and growth of the Engel & Volkers franchise system.

Understanding the specific date for these figures is crucial for accurate analysis. For example, if a franchisee transferred their outlet in January 2023, it would not be reflected in the 2022 data but would appear in the 2023 year-end figures. This level of detail helps potential franchisees assess the stability and transfer activity within the Engel & Volkers network when reviewing the tables.