What is the deadline for Engel & Volkers to respond to a franchisee's request to operate a Limited Purpose Location?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
You must request our approval to operate a Limited Purpose Loction in writing in advance and provide sufficient information, as specified by us from time to time in the System Documentation, to support your request. Within 30 days after receiving such a request, we will, at our discretion, approve or deny your request. You will not receive any additional territorial rights with our aproval of a Limited Purpose Location. You may not operate a Limited Purpose Location without our aproval and unless we sign an Limited Purpose Sales Location Addendum or Limited Purpose Administrative Location Addendum with you for each Limited Purpose Location. You should not sign a lease or incur any other expenses or liabilities before an Limited Purpose Location Addendum for the proposed location is executed. A Limited Purpose Location is not and does not replace an Approved Location (as defined in the Franchise Agreement) and you will have no right of first refusal, option or similar rights to acquire additional franchises or for additional Limited Purpose Locations.
Source: Item 12 — TERRITORY (FDD pages 54–56)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, if a franchisee requests approval to operate a Limited Purpose Location, Engel & Volkers has 30 days to respond. The franchisee must submit the request in writing and include sufficient information to support it, as specified in the System Documentation. Engel & Volkers has the discretion to either approve or deny the request.
Limited Purpose Locations are typically for overflow administrative staff or for sales advisors working on specific development projects. These locations are generally within the franchisee's Protected Area and are subject to the terms of the franchise agreement and standards in the System Documentation.
It is important to note that franchisees cannot operate a Limited Purpose Location without Engel & Volkers's approval and a signed Limited Purpose Sales Location Addendum or Limited Purpose Administrative Location Addendum. Franchisees are advised not to sign a lease or incur expenses before this addendum is executed. Furthermore, a Limited Purpose Location does not replace an Approved Location and does not grant the franchisee any additional rights to acquire further franchises or Limited Purpose Locations.