Does Engel & Volkers offer optional programs and designations to qualified franchisees?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
(6) Provide qualified franchisees optional programs and designations. (Franchise Agreement, Section 5.1.7.)
At this time, we charge existing franchisees who qualify for the option to obtain the Development Services Designation and/or the Commercial Designation. Both designations require participation in certain training programs. There is no separate training fee for these trainings, but you must pay a designation fee, depending on the number of qualifying Residential Real Estate Brokerages and designees that will be using the designation. Currently, 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.
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 does provide qualified franchisees with optional programs and designations. Specifically, Engel & Volkers offers the Development Services Designation and the Commercial Designation to existing franchisees who qualify.
For franchisees interested in these designations, participation in certain training programs is required. While there isn't a separate training fee, franchisees must pay a designation fee that varies based on the number of qualifying Residential Real Estate Brokerages and designees.
The fees for the Development Services Designation are scaled as follows for a 12-month period: $2,500 for 1 or 2 qualifying brokerages with up to 5 designees, $4,000 for 3 to 5 brokerages with up to 10 designees, and $6,000 for 6 to 9 brokerages with up to 15 designees each. Any additional designee per Residential Real Estate Brokerage will be charged by Engel & Volkers at $300 per 12-month designation. Franchisees should inquire about the specific requirements and fees for the Commercial Designation, as the document details only the Development Services Designation fees.