What is the range for the Commercial Designation Annual Fee for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Commerical Designation Annual Fee | $5,000 - $6,000 per year (depending on obtaining a Commercial Designation) | Upon receipt of invoice | The Commercial Designation is an optional program for qualified franchisees. (See Note 13) |
Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the Commercial Designation Annual Fee ranges from $5,000 to $6,000 per year, depending on whether the Residential Real Estate Brokerage already holds a Development Services Designation. If the brokerage has a Development Services Designation, the annual fee is $5,000. If not, the annual fee is $6,000.
This Commercial Designation is an optional program for qualified franchisees, allowing them to specialize in commercial real estate transactions. The designation includes one franchisee principal (License Partner) and up to four additional designees. Additional designees beyond the initial four incur a fee of $325 per designee for each 12-month period.
It's important to note that Engel & Volkers can amend these fees or discontinue the Commercial Designation program altogether. Prospective franchisees should consider the potential costs and benefits of this program and whether it aligns with their business goals and market strategy. They should also inquire about the criteria for qualifying for the Commercial Designation and the specific benefits it provides.