What is the due date for the Development Services Consulting Fee for Engel & Volkers?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| 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 Consulting Fee is due upon receipt of an invoice. This fee is charged when Engel & Volkers provides advisory services to one of the franchisee's Development Services designees in connection with a specific project.
The amount of the Development Services Consulting Fee varies, and is calculated as a percentage of the gross revenues the franchisee receives from the Development Services project. The fee ranges from 8% to 10% of gross revenues, depending on the level and type of consulting services provided by Engel & Volkers.
The franchisee is required to report the gross revenues received from the Development Services project to Engel & Volkers. Payment of the consulting fee is then due once the franchisee receives an invoice from Engel & Volkers. This arrangement means franchisees need to be prepared to remit a portion of their revenues promptly upon invoicing, and maintain accurate records of gross revenues from these projects.