What is the due date for the Commercial Designation Annual Fee for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Commerical Designation Annual Fee | $5,000 - $6,000 per year (depending on obtaining a Commercial Designation) | Upon receipt of invoice | The Commercial Designation is an optional program for qualified franchisees. (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 Commercial Designation Annual Fee is due upon receipt of an invoice. The fee ranges from $5,000 to $6,000 per year, depending on whether the franchisee obtains a Commercial Designation.
The Commercial 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 necessary qualifications.
It is important to note that all fees are subject to amendment from time to time, and Engel & Volkers reserves the right to discontinue the Commercial Designation and other programs and designations they may develop. Prospective franchisees should consider this when evaluating the potential costs and benefits of obtaining a Commercial Designation.