Under what condition must the brokerage manager for Engel & Volkers attend required training courses?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
- 9.2 Franchisee System Training: Franchisee, or if Franchisee or its Principals (as hereinafter defined) will not be active in the operation of the real estate brokerage, Franchisee's brokerage manager and office managers must prior to the Payment Start Date (as defined in Section 14.2.1) attend the Franchisee System Training ("Leadership Path Training" or "LPT") provided by Franchisor at a location or in virtual format, as determined by Franchisor.
Any new brokerage manager appointed by Franchisee must successfully complete LPT within ninety (90) days of their appointment.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD pages 61–62)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, if the franchisee or its principals will not be active in the operation of the real estate brokerage, then the brokerage manager must attend the Franchisee System Training, also known as Leadership Path Training (LPT). This training must be completed prior to the Payment Start Date.
Furthermore, any new brokerage manager appointed by the franchisee must successfully complete the LPT within ninety days of their appointment. This ensures that all brokerage managers are properly trained in the Engel & Volkers system, regardless of whether the franchisee is actively involved in the day-to-day operations.
The Initial Franchise Fee entitles the franchisee to have one person attend and complete LPT without charge. However, the franchisee must pay a training fee for any additional persons trained under the System Training and for other training. The franchisee is also responsible for covering the costs of transportation, lodging, meals, and other expenses for themselves and their personnel when attending any training classes.