What expenses are Engel & Volkers franchisees responsible for to utilize the engelvoelkers.com or evrealestate.com online services?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We make available an online service: engelvoelkers.com or evrealestate.com. The engelvoelkers.com and evrealestate.com services are in publicly accessible sites on the Internet (http://www.engelvoelkers.com, http://www.evrealestate.com). They allow franchisees and sales advisors to post listings on the Internet for consumers worldwide, who can search for listings by geographic regions, price range, number of rooms and other pertinent criteria.
Presently, there are no fees directly associated with participation in engelvoelkers.com or evrealestate.com. The use of engelvoelkers.com or evrealestate.com is included in the National Marketing and Technology Fund fee. However, you must obtain appropriate connectivity and browser software for this application as well as any platform upgrades that may be necessary. You may choose to have a profile page (subdomain) displayed on engelvoelkers.com and evrealestate.com. You may request other options at additional cost.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 43–54)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, there are generally no direct fees for franchisees to participate in engelvoelkers.com or evrealestate.com, as the use of these services is included in the National Marketing and Technology Fund fee. However, franchisees are responsible for obtaining appropriate connectivity and browser software, as well as any necessary platform upgrades. Franchisees may also choose to have a profile page (subdomain) displayed on engelvoelkers.com and evrealestate.com, and other options may be available at an additional cost.
This means that while Engel & Volkers includes access to its online listing services as part of a broader marketing and technology fee, franchisees must still budget for the costs of internet access, software, and potential upgrades to their systems. These costs can vary depending on the franchisee's chosen provider and the specifications of their computer systems. The option to enhance their online presence with a profile page or other features could also incur further expenses.
Prospective Engel & Volkers franchisees should consider these technology-related costs when evaluating the overall investment required to start and operate a franchise. It is important to factor in the ongoing expenses of maintaining up-to-date systems and software to effectively utilize the online services provided by Engel & Volkers. Franchisees should inquire about the typical range of these costs and any recommended providers to help them budget accurately.