Who is required to pay travel costs for training for an Engel & Volkers franchise?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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 an Engel & Völkers 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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- If you do not own building space for your business, you must lease or purchase the business premises. Your real estate brokerage must be an appropriate and a location approved by us before signing a lease. You might incur built-out cost if the interior and/or exterior of your location to meet our design specifications as set forth in the System Documentation. We recommend the size of the real estate brokerage to be approximately 750 to 2,000 square feet.
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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 associated with training for themselves and their brokerage manager. The costs include travel, accommodation, and incidental expenses for in-person Engel & Völkers Engage training.
The document specifies that the actual costs may vary based on whether the training is conducted virtually or on-site, the distance to be traveled, the method of travel, and personal circumstances. Engel & Volkers may conduct training virtually via a web-based platform or at a designated location in the United States.
For in-person Engel & Völkers Engage training, the fee covers the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment. If a franchisee requests in-person training, Engel & Volkers charges $4,998 for this service, which includes a one-day Engel & Volkers Engage training session at a U.S. location designated by Engel & Volkers for their sales advisors and/or staff members. The in-person training accommodates a minimum of 15 and a maximum of 50 attendees.