In which state does Engel & Volkers currently have a master license?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
For the real estate brokerage franchise program we grant master franchises and direct franchises in the United States, Canada, Mexico, and certain parts of the Caribbean and the provide services to our master franchisees and direct franchisees regarding the residential property segment consisting of (i) the opportunity to open and operate Engel & Völkers Residential Real Estate Brokerages for the marketing of residential property under the Engel & Völkers trade name, Trademarks and System of operating procedures, including the utilization of a worldwide client platform, and (ii) for our master franchisees, the right to grant subfranchises to third parties to own and operate Residential Real Estate Brokerages using the Engel & Völkers real estate brokerage System (defined below). We offer Franchise Agreements for the operation of Engel & Völkers Residential Real Estate Brokerages in the entire United States with exception of the states in which our master franchisees have been granted exclusive rights to offer Franchise Agreements for the operation of Engel & Völkers Residential Real Estate Brokerages. We currently only have a master license in the state of Florida.
Source: Item 1 — THE FRANCHISOR AND ANY PARENTS, PREDECESSORS, AND AFFILIATES (FDD pages 8–15)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, they currently have a master license in Florida. Engel & Volkers grants master franchises and direct franchises in the United States, Canada, Mexico, and certain parts of the Caribbean. For master franchisees, this includes the right to grant subfranchises to third parties to own and operate Residential Real Estate Brokerages using the Engel & Volkers real estate brokerage System.
Engel & Volkers offers Franchise Agreements for the operation of Engel & Volkers Residential Real Estate Brokerages throughout the entire United States, except for states in which their master franchisees have been granted exclusive rights to offer Franchise Agreements for the operation of Engel & Volkers Residential Real Estate Brokerages.
It is important to note that Engel & Volkers also previously had a master franchisee, Engel & Voelkers North East, LLC, which had a territory consisting of Connecticut, Maine, Massachusetts, New Hampshire, New York, Rhode Island, and Vermont. However, this entity is no longer an affiliate, and the master franchise agreement was transferred to Engel & Voelkers N.Y. LLC, which was later dissolved.