When an Engel & Volkers franchisee leaves the system, what information about them may be disclosed to potential buyers?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
If you buy this franchise, your contact information may be disclosed to other buyers when you leave the franchise system.
Source: Item 23 — RECEIPTS (FDD pages 88–302)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, if you buy an Engel & Volkers franchise, your contact information may be disclosed to other buyers when you leave the franchise system. This is stated in Exhibit H, which lists franchisees who have left the system or have not communicated with the franchisor.
This disclosure of contact information could be for various reasons, such as facilitating the sale of the former franchisee's territory or assets, or for providing potential leads to other franchisees in the network. It's a common practice in franchising to maintain a network and facilitate transitions when franchisees exit the system.
Prospective franchisees should consider the implications of this disclosure. While it could potentially help in selling their franchise if they decide to leave, it also means their contact information will be shared with others, which may have privacy implications. It would be prudent to inquire with Engel & Volkers about the specific circumstances under which this information is shared and what control, if any, a franchisee has over this process.