Does Engel & Volkers E&V Residential grant direct franchises to third parties?

E&V Residential was established in 1977. It is responsible for franchising outside of Germany and in Germany for the residential real estate segment. E&V Residential started offering franchises in 1998. Until December 31, 2007, it was also responsible for franchising outside of Germany for the commercial property segment. E&V Residential grants direct franchises and master franchises to third parties in Germany and throughout countries worldwide to use the Engel & Völkers real estate brokerage franchise system. As of December 31, 2024, E&V Residential had 465 franchisees operating in Europe, South America, and South Africa. E&V Residential has granted master franchises (residential) in the following countries or areas outside the U.S. as of this date:

• Argentina

• Colombia

• Balearic Islands

• Chile

• Hungary

• Italy

• Peru

• South Africa

• Switzerland/Lichtenstein

• Uruguay

Currently, the master franchisees in the above countries have 177 operational subfranchisees.

Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–15)