What is the total number of on-the-job training hours for the Engel & Volkers SPT Training?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 43–54)
What This Means (2025 FDD)
Based on the 2025 Engel & Volkers Franchise Disclosure Document, the provided excerpts do not specify the exact number of on-the-job training hours for the Sales Professional Training (SPT). The FDD does mention that at least one staff member working at the franchised Business who supports Sales Advisors must attend SPT training. However, the document does not provide a breakdown of the training hours, specifically the on-the-job training component.
Prospective franchisees should note that while attendance at SPT training is mandatory for certain staff members, the FDD does not detail the curriculum or the duration of on-the-job training. This lack of specific information could make it difficult to assess the time commitment and resources required for staff training.
To gain a clearer understanding of the SPT program, a potential Engel & Volkers franchisee should ask the franchisor for a detailed breakdown of the training schedule, including the number of hours dedicated to on-the-job training, the topics covered, and the methods of instruction used. This information is crucial for budgeting time and resources effectively and ensuring that staff members are adequately prepared to support sales advisors.