Who is required to pay for travel costs to Engel & Volkers training?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
f 20 sales advisors and 2 staff members) and SPT Training to 1 additional staff member (for a total of 2 staff members).
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- You must pay costs for travel for yourself and your brokerage manager. Training will be conducted virtually via a web-based platform or at a location in the United States, or virtually via web-based platform, as we may designate in our sole business judgment from time to time. Your actual costs will vary, depending on whether training is conducted virtually or on-site, the distance to be traveled, the method of travel, and personal circumstances.
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- Your real estate brokerage must be in an appropriate location approved by us. You might incur build-out cost if the interior and/or exterior of your location does not meet our design specifications as set forth in the System Documentation.
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- If you operate your own Engel & Völkers Residential Real Estate Brokerages, you, the person managing your residential real estate brokerage, and all sales advisors, must maintain a real estate broker's or salesperson's license.
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Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, franchisees are responsible for covering the travel expenses for themselves and their brokerage manager to attend training. However, if Engel & Volkers agrees to provide in-person Engel & Völkers Engage training at the franchisee's request, the fee of $4,998 includes the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment.
The training can be conducted virtually via a web-based platform or at a location in the United States, as designated by Engel & Volkers. The actual travel costs for the franchisee and their brokerage manager will vary depending on whether the training is conducted virtually or on-site, the distance to be traveled, the method of travel, and personal circumstances.
This means that franchisees need to budget for travel and accommodation expenses for themselves and their brokerage manager when planning for training. However, if the franchisee requests in-person Engel & Völkers Engage training, the $4,998 fee covers the trainer's travel and related expenses, potentially simplifying the budgeting process for that specific training format. Franchisees should confirm the location and format of training with Engel & Volkers to accurately estimate travel costs.