What license must the brokerage manager employed by an Engel & Volkers franchisee hold?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
its sole discretion, and Franchisee shall pay such training fees as may be charged by Franchisor. The Initial Franchise Fee will entitle Franchisee to have one (1) person trained under the Franchisee System Training described in Section 9.2, without charge, but Franchisee must pay a training fee for any additional persons trained under the
System Training and for other training. In any event, any training fees that are charged must be paid by Franchisee prior to the time the trainee is trained. The training program is described below in Sections 9.2 to 9.7.
- 9.2 Franchisee System Training: Franchisee, or if Franchisee or its Principals (as hereinafter defined) will not be active in the operation of the real estate brokerage, Franchisee's brokerage manager and office managers must prior to the Payment Start Date (as defined in Section 14.2.1) attend the Franchisee System Training ("Leadership Path Training" or "LPT") provided by Franchisor at a location or in virtual format, as determined by Franchisor. Any new brokerage manager appointed by Franchisee must successfully complete LPT within ninety (90) days of their appointment.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 61–62)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, if the franchisee or its principals will not be active in the operation of the real estate brokerage, the franchisee's brokerage manager must attend the Franchisee System Training, also known as Leadership Path Training (LPT), prior to the Payment Start Date. Any new brokerage manager appointed by the franchisee must successfully complete LPT within 90 days of their appointment.
Furthermore, Engel & Volkers requires that the franchisee and, if the franchisee is an entity, at least one of its officers, partners, and/or managers, must be licensed as a real estate broker. Every employee, contractor, or Sales Advisor involved in real estate activities for the franchisee must also possess a real estate broker, salesperson, or other appropriate license, as required by applicable laws, rules, or regulations.
In summary, the brokerage manager must hold a real estate broker license and complete the Leadership Path Training within the specified timeframe to comply with Engel & Volkers' requirements.