When is the Development Services Designation Annual Fee due 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) |
| Development Services Designation Annual Fee | $2,500 - $6,000 depending on number of participating designees. | Upon receipt of an invoice. | Development services designation is an optional program for qualified franchisees. (See Note 13) |
| Development Services Consulting Fee | Varies. | Upon receipt of an invoice. | (See Note 13) |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the Development Services Designation Annual Fee is due upon receipt of an invoice. This fee ranges from $2,500 to $6,000, depending on the number of participating designees.
The Development Services Designation is an optional program for qualified franchisees. This means that franchisees are not required to participate in this program, but they have the option to do so if they meet the qualifications set by Engel & Volkers. The fee covers a 12-month period.
Engel & Volkers also reserves the right to discontinue the Development Services Designation program. Prospective franchisees should consider this when evaluating the potential benefits of the program, as its availability in the future is not guaranteed. It is important to note that all fees are subject to change, so the amounts listed in the FDD may not be the same in the future.