What information is included in the Engel & Volkers Revenue Report?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
13.1 Reports: Franchisee shall transmit to Franchisor via Franchisor's online reporting systems not later than 2:00 p.m. (EST or EDT) on the Thursday of each week the prior week's data relating to the real estate brokerage services of its Approved Location as it may be further
detailed in the System Documentation. Should Franchisor grant Franchisee the right to operate multiple Approved Locations, Franchisee shall transmit to Franchisor the data for each Approved Location separately. Franchisor may from time to time specify what reports and in what format they must be submitted. As of the Effective Date, the following reports must be submitted, starting as of the Payment Start Date:
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, franchisees are required to submit data related to their real estate brokerage services. Specifically, franchisees must transmit the prior week's data to Engel & Volkers via their online reporting systems by 2:00 p.m. (EST or EDT) on Thursdays. This data pertains to the real estate brokerage services conducted at the Approved Location. If a franchisee operates multiple Approved Locations, they must submit data for each location separately.
The specific reports and their format are determined by Engel & Volkers and may change over time as detailed in the System Documentation. The reports must be submitted starting from the Payment Start Date. This ensures that Engel & Volkers has consistent and timely access to key performance indicators from each franchise location, allowing them to monitor the overall health and performance of the franchise system.
Engel & Volkers uses this data to assess royalties and other fees. Franchisees must accurately report all gross revenues, and concealing revenues or falsifying reports can lead to serious consequences, including termination of the franchise agreement. The franchisor may also conduct audits to verify the accuracy of the reported financial data, and significant underreporting of gross revenues can trigger penalties.