What is the total number of classroom training hours for the Engel & Volkers SPT Training?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
ange, and other training may become needed or advisable. Therefore, during the term of your Franchise Agreement, the training offering and requirements are likely to change.
It is mandatory to attend the LPT training for an individual Franchisee, the Principals, or the broker manager (if the individual Franchisee or Principals will not be active in the Residential Real Estate Brokerage), for Sales Advisors and staff members supporting your Sales Advisors to attend Engel & Völkers Engage, and for at least one staff member working at the franchised Business who supports Sales Advisors to attend SPT training. However, there is no specific test or other requirement that the training be completed to our satisfaction.
At this time, we charge existing franchisees who qualify for the option to obtain the Development Services Designation and/or the Commercial Designation. Both designations require participation in certain training programs. There is no separate training fee for these trainings, but you must pay a designation fee, depending on the number of qualifying Residential Real Estate Brokerages and designees that will be using the designation. Currently, for the Development Services Designation the 12 month designation fee is scaled as follows: a) if you have 1 or 2 qualifying Residential Real Estate Brokerages with up to 5 designees the fee for the 12 months of the designation is $2,500, b) if you have 3 up to 5 qualifying Residential Real Estate Brokerages with a total of up to 10 designees the fee for the 12 month period is $4,000, and c) if you have between 6 and 9 Residential Real Estate Brokerages with up to 15 desi
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 43–54)
What This Means (2025 FDD)
According to the 2025 Engel & Volkers Franchise Disclosure Document, the provided excerpts do not specify the total number of classroom training hours for the Sales Professional Training (SPT). The document mentions that at least one staff member working at the franchised Business who supports Sales Advisors must attend SPT training.
While the FDD details various training programs like Engel & Völkers Leadership Path Training (LPT) and Engel & Völkers Engage, it does not include a breakdown of the classroom training hours specifically for SPT. The document does mention that the rate for SPT is $298 per person, assuming a minimum of 4 attendees if conducted via virtual web-based training platform.
A prospective Engel & Volkers franchisee should inquire directly with the franchisor about the SPT program's structure, content, and duration to fully understand the training commitment for their staff. Understanding the time investment required for SPT will help in planning staff schedules and ensuring adequate support for sales advisors.