Can Engel & Volkers revise the Price Lists for services at any time?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
Each of these price lists (hereinafter called the "Price Lists") are subject to revision at any time by the third party or by Franchisor.
Franchisee will pay the prices set forth in the respective Price List then current at the time the services are ordered.
Franchisor will periodically provide Franchisee with a separate price list for training, the GG Magazine advertising, and marketing articles.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the Price Lists for services are subject to revision at any time. These price lists pertain to services provided by third parties or by Engel & Volkers, such as additional training and GG Magazine advertising, as well as the cost of marketing materials.
As an Engel & Volkers franchisee, you will be required to pay the prices listed in the current Price List when you order services. Engel & Volkers will provide franchisees with separate price lists for training, GG Magazine advertising, and marketing articles periodically.
This means that the costs for these services can fluctuate, potentially impacting a franchisee's budget and profitability. It is important for prospective franchisees to factor in the possibility of price changes when planning their finances and to stay informed about the current Price Lists provided by Engel & Volkers.