What is the range for the Development Services Designation Annual Fee for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Additional Technology Services Fees | According to then current Technology Price List. | Upon receipt of an invoice. | Payable to us or our agent. (See Note 12) |
| Development Services Designation Annual Fee | $2,500 - $6,000 depending on number of participating designees. | Upon receipt of an invoice. | Development services designation is an optional program for qualified franchisees. (See Note 13) |
| Development Services Consulting Fee | Varies. | Upon receipt of an invoice. | (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 Development Services Designation Annual Fee ranges from $2,500 to $6,000. This fee is dependent on the number of participating designees within the franchise.
The Development Services Designation is an optional program available to qualified Engel & Volkers franchisees. This means that franchisees are not required to participate in this program, but have the option to do so if they meet the necessary qualifications. The fee is payable upon receipt of an invoice from Engel & Volkers.
Prospective franchisees should consider the potential benefits of the Development Services Designation program and how it aligns with their business goals. Understanding the number of designees they plan to have participate will help them estimate the annual fee associated with this program. Franchisees should also inquire about the specific qualifications required to participate in the Development Services Designation program to ensure they meet the criteria.