What licenses are required for those operating an Engel & Volkers Residential Real Estate Brokerage?

According to Engel & Volkers' 2025 Franchise Disclosure Document, if you operate an Engel & Volkers Residential Real Estate Brokerage, you, the person managing your real estate brokerage, and all sales advisors must maintain a real estate broker's or salesperson's license. This requirement ensures that everyone involved in the real estate transactions under the Engel & Volkers brand is legally qualified and authorized to perform their duties.

For a prospective franchisee, this means that before starting operations, they must ensure that they, their brokerage manager, and all sales advisors have the necessary licenses. Obtaining these licenses typically involves completing required coursework, passing an examination, and meeting other state-specific criteria. The cost and time required to obtain these licenses can vary depending on the location and the specific licensing requirements.

This licensing requirement is a standard practice in the real estate industry, as it helps to protect consumers and maintain professional standards. Engel & Volkers franchisees should factor in the time and expense of obtaining and maintaining these licenses when planning their initial investment and ongoing operational costs. Failure to comply with these licensing requirements can result in legal penalties and could jeopardize the franchise agreement.