factual

Does Engel & Volkers provide access to its international network for franchisees?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

[Item 22: CONTRACTS]

  • 5.1 Services: Franchisor will provide the following services to Franchisee under this Agreement:

  • 5.1.1 Access to the ENGEL & VÖLKERS international network;

Source: Item 22 — CONTRACTS (FDD page 88)

What This Means (2025 FDD)

According to Engel & Volkers' 2025 Franchise Disclosure Document, franchisees receive access to the Engel & Volkers international network as part of the services provided under the Franchise Agreement. Specifically, the FDD states that the franchisor will provide "[a]ccess to the ENGEL & VÖLKERS international network" as one of its services to the franchisee. This access is included in the ongoing royalty payments stipulated in Section 14.2 of the agreement. However, franchisees may need to pay separately for third-party services related to the international network, subject to the third parties' or Engel & Volkers' current price lists.

This access to the international network is a significant benefit for Engel & Volkers franchisees, as it allows them to connect with other real estate professionals and potential clients around the world. This can be particularly valuable for franchisees looking to expand their business or work with international clients. However, franchisees should be aware that they may incur additional costs for certain services related to the international network, such as additional training or advertising in the GG Magazine.

Prospective franchisees should carefully review Section 14.2 of the Franchise Agreement to understand the specific terms and conditions related to royalty payments and third-party services. They should also inquire about the costs associated with accessing and utilizing the international network, including any additional training or marketing expenses. Understanding these costs and benefits is crucial for making an informed decision about investing in an Engel & Volkers franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.