What information is included in the Engel & Volkers Transaction 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' 2025 Franchise Disclosure Document, franchisees must transmit data relating to their real estate brokerage services from their approved location to Engel & Volkers via their online reporting systems. This must be done no later than 2:00 p.m. (EST or EDT) on the Thursday of each week for the prior week's data. If a franchisee has multiple approved locations, they must send data for each location separately.
The specific reports and their formats are determined by Engel & Volkers and may change over time as specified in the System Documentation. As of the Effective Date, these reports must be submitted starting from the Payment Start Date.
This reporting requirement ensures that Engel & Volkers has access to timely and consistent data from all franchise locations, which is essential for monitoring performance, maintaining brand standards, and preparing the Franchise Disclosure Document. Franchisees should be prepared to implement and adhere to the specified reporting procedures to remain compliant with the franchise agreement.