What determines the amount of the Additional Technology Services Fees for an Engel & Volkers franchise?
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 determined by the then-current Technology Price List. This means the cost can fluctuate based on the specific technology services a franchisee utilizes.
The fees are payable upon receipt of an invoice, either to Engel & Volkers or their designated agent. This implies that franchisees should carefully review the Technology Price List to understand potential costs and budget accordingly.
It is important for prospective franchisees to request and scrutinize the current Technology Price List to fully understand what services are included and how the fees are structured. This will help in accurately forecasting operating expenses and assessing the overall financial viability of the Engel & Volkers franchise.