Is the Engel & Volkers MLS research/set up fee specified in the FDD?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
There may also be an MLS research/set up fee required in order to integrate MLS data into the brokerage subdomain and the Integrated Product Suite, if and when you choose to use an MLS.
This fee varies by MLS Board and cannot be specified.
Source: Item 5 — INITIAL FEES (FDD pages 21–22)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the MLS research/set up fee is not specified. The FDD indicates that there may be an MLS research/set up fee required to integrate MLS data into the brokerage sub-domain and the Integrated Product Suite, if a franchisee chooses to use an MLS. However, the exact amount of this fee cannot be specified in the FDD.
The fee varies depending on the specific MLS Board. This means that the cost for an Engel & Volkers franchisee could differ significantly based on their location and the local MLS Board's fee structure.
Prospective franchisees should inquire with Engel & Volkers about the typical range of MLS research/set up fees in different markets to better understand potential costs. They should also contact local MLS boards in their target areas to gather more precise information on these fees.