Can Engel & Volkers make certain additional training sessions mandatory?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
anged. Instructors for System Training are provided by us, unless outside consultants are used, are usually department heads, corporate officers or certified trainers of us.
We reserve the right to offer additional, ongoing and supplemental training sessions at times and locations designated by us. We may make certain of these training sessions mandatory for you and we reserve the right to change a fee for attendance at this training.
Additional training courses: You and your designated employees will also be required to attend additional training, supplemental or refresher courses in accordance with the Engel & Völkers training program at times and locations designated by us and to pay our then current fees. We may delegate organization and execution of these mandatory training courses and also any additional voluntary seminars to an independent training center. We cannot predict how frequently franchisees must attend the additional training and it depends on an individual franchisee's particular circumstances. We may make certain of these training sessions mandatory for you, your sales advisors or employees.
Costs: You will bear the costs for your attendance and that of your employees and sales advisors at the training courses, including travel, accommodation and out-of-pocket expenses, and salaries of your employees and sales advisors.
If you request that training be conducted at your location and we agree to that request, depending on the training, you must pay, as we request i) the trainer's expenses for travel, accommodation, food and other out-of-pocket expenses and ii) the costs for the training location, and food and beverage cost for the training participants and any related service fees.
Cooperation Agreements
We may enter into agreements with service companies, e.g., those that provide financial services, like banks or insurance companies, which you must use, except in cases where you have legitimate commercial or financial reasons for refusing such cooperation. These cooperation agreements will enable you to offer additional products and/or services to your clients, for example, mortgage loans and homeowner's insurance.
Franchise Agreements Upon Expiration or Termination
Upon the expiration or termination of our General License Agreement, any existing Franchise Agreements between us and our franchisees will automatically expire.
Item 12 TERRITORY
Generally, you will receive the right to operate an Engel & Völkers Residential Real Estate Brokerage at a specific location as specified in Appendix 1 of your Franchise Agreement ("Approved Location"). You will have exclusivity with regard to your Engel & Völkers Residential Real Estate Brokerage in a specific area called the "Protected Area", which will be an area defined by US postal zip codes.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 43–54)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, Engel & Volkers retains the right to mandate certain additional training sessions for franchisees, their sales advisors, and employees. These sessions are offered at times and locations designated by Engel & Volkers. Engel & Volkers also reserves the right to change the fees associated with attending these training sessions.
Attendance is mandatory for the LPT training for an individual Franchisee, the Principals, or the broker manager (if the individual Franchisee or Principals will not be active in the Residential Real Estate Brokerage), for Sales Advisors and staff members supporting your Sales Advisors to attend Engel & Völkers Engage, and for at least one staff member working at the franchised Business who supports Sales Advisors to attend SPT training. Franchisees are responsible for covering the costs associated with attending these training courses, including travel, accommodation, out-of-pocket expenses, and salaries for their employees and sales advisors.
Engel & Volkers may also delegate the organization and execution of mandatory training courses and additional voluntary seminars to an independent training center. The frequency of these additional training sessions depends on the individual franchisee's circumstances, making it difficult to predict the exact number of required sessions.
For the Development Services Designation the 12 month designation fee is scaled as follows: a) if you have 1 or 2 qualifying Residential Real Estate Brokerages with up to 5 designees the fee for the 12 months of the designation is $2,500, b) if you have 3 up to 5 qualifying Residential Real Estate Brokerages with a total of up to 10 designees the fee for the 12 month period is $4,000, and c) if you have between 6 and 9 Residential Real Estate Brokerages with up to 15 designees each the fee for the 12 months is $6,000. Any additional Designee per Residential Real Estate Brokerage would be charged by Franchisor at $300 per 12-month designation.