What training is included in the Engel & Volkers Initial Franchise Fee?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
The Initial Franchise Fee will entitle you to have one person participate in the Franchised System Training (LPT). If you have a separate brokerage manager, they would have to be trained at an additional charge of $2,498 if you attend the training yourself or have someone else attend it. See Item 5.
Your sales advisors and staff members supporting sales advisors must complete the Engel & Völkers Engage Training before you open for business. The fee for the Engel & Völkers Engage Training is currently $98 per person. We estimate on the low end that you will have at least 1 staff member and 3 sales advisors participating in the Engel & Völkers Engage Training and on the high end, we estimate that you would have and 2 staff members and 20 sales advisors participating in the Engel & Völkers Engage Training. At least one staff member must also complete the Support Path Training (SPT). The fee for that training is $298 per person. In most cases we estimate that you would have 2 staff members and 20 sales advisors participating in the Engel & Völkers Engage Training and 2 staff members participating in the SPT Training. Normally, the Engel & Völkers Engage Training is an online, virtual training, but if, upon your request we agreed to provide it in person, we will charge you a flat fee of $4,998 for that training. We would then provide your sales advisors and/or staff members a 1 day Engel & Völkers Engage training at a location in the U.S. that we designate. The fee for the in person Engel & Völkers Engage includes the trainer's compensation, travel, accommodation and incedental expenses, the training course materials and their shipment. A minimum of 15 but no more than 50 attendees would be trained. The training fees listed in this Item only relate to the staff members and sales advisors that would receive training before you open for business. During the term of your agreement it is likely that you will have to send additional staff members and sales advisors to Engel & Völkers Engage Training and other training classes because of growth or turn-over. You must pay the per diem salaries/compensation, travel expenses, meals, lodging and other costs of your staff members or sales advisors attending in-person training programs.
Source: Item 5 — INITIAL FEES (FDD pages 21–22)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, the initial franchise fee entitles one person to participate in the Franchised System Training (LPT). If the franchisee has a separate brokerage manager, training for that manager is available at an additional charge of $2,498, assuming the franchisee or someone else attends the training.
Engel & Volkers requires sales advisors and staff members supporting sales advisors to complete the Engel & Völkers Engage Training before opening for business. The fee for this training is currently $98 per person. The company estimates that franchisees will have at least one staff member and three sales advisors participating in the Engel & Volkers Engage Training. At the high end, they estimate two staff members and 20 sales advisors participating. At least one staff member must also complete the Support Path Training (SPT), which costs $298 per person. In most cases, Engel & Volkers estimates that franchisees will have two staff members and 20 sales advisors participating in the Engel & Volkers Engage Training and two staff members participating in the SPT Training.
Normally, the Engel & Volkers Engage Training is an online, virtual training. However, if the franchisee requests in-person training, Engel & Volkers will charge a flat fee of $4,998 for that training. This in-person training is a one-day Engel & Volkers Engage training at a location in the U.S. that Engel & Volkers designates. The fee for the in-person Engel & Volkers Engage includes the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment. A minimum of 15, but no more than 50 attendees, would be trained. Franchisees must also pay the per diem salaries/compensation, travel expenses, meals, lodging, and other costs of their staff members or sales advisors attending in-person training programs.