When are the Engel & Volkers training fees due?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Expenditure | Amount | Method of payment | When due | To whom payment is to be made |
|---|---|---|---|---|
| Initial Franchise Fee | Minimum of $35,000 (See Note 1) | (See Note 1) | On signing the Franchise Agreement (See Note 1) | Us |
| Training Fees (See Note 2) | $690 - $5,594 | As arranged | Before commencing training | Us |
| Training Fee for | $0 to $2,498 | As arranged | Before | Us |
| brokerage manager | commencing | |||
| (See Note 16) | training | |||
| Travel and Accommodation Expenses While Training (See Note 3) | $5,000 - $10,000 | As arranged | As incurred before commencing training | Independent Vendor |
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, training fees are due before commencing training. The estimated cost for these training fees ranges from $690 to $5,594. This fee covers Engel & Volkers Engage Training and SPT Training for staff and sales advisors. If a brokerage manager requires training, there may be an additional fee ranging from $0 to $2,498, also due before training begins.
Prospective Engel & Volkers franchisees should note that these training fees are paid directly to the franchisor. It is important to budget accordingly to ensure these fees are paid on time to avoid any delays in the training process. The method of payment for these fees is "as arranged", so franchisees should clarify acceptable payment methods with Engel & Volkers during the onboarding process.
In addition to the training fees, franchisees should also be prepared for travel and accommodation expenses while training, which are estimated to be between $5,000 and $10,000. These expenses are paid to independent vendors as incurred before commencing training. Therefore, franchisees need to manage both the direct training fees to Engel & Volkers and the indirect costs of travel and accommodation.