Under what condition would Engel & Volkers charge $4,998 for in-person Engel & Volkers Engage Training?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
estimate includes SPT Training for 2 staff members and in-person Engel & Völkers Engage Training for up to 50 attendees. We do not usually offer Engel & Völkers Engage Training in person, but if, upon your request we agreed to provide it in person we will charge you $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 highest estimated amount if you use the regular, virtual Engel & Völkers Engage Training is $2,752 and is calculated on the same basis as the low estimate but for providing Engel & Völkers Engage Training to 1 additional staff member and 17 additional sales advisors (for a total
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 30–38)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, Engel & Volkers typically offers its Engel & Volkers Engage Training virtually. However, if a new franchisee requests in-person training and Engel & Volkers agrees to provide it, the franchisee will be charged $4,998 for that training.
The $4,998 fee covers the trainer's compensation, travel, accommodation, incidental expenses, training course materials, and their shipment. This in-person training would be a one-day Engel & Volkers Engage training session held at a location in the U.S. designated by Engel & Volkers. The training session would be for a minimum of 15 and a maximum of 50 attendees, comprising the franchisee's sales advisors and/or staff members.
For prospective Engel & Volkers franchisees, this means that while virtual training is the standard, in-person training is an option, albeit at a significant cost. Franchisees need to weigh the benefits of in-person training against the cost, considering that the virtual training option is available and presumably less expensive. The FDD also mentions that the highest estimated amount if you use the regular, virtual Engel & Volkers Engage Training is $2,752. This provides a cost comparison, highlighting the premium associated with choosing the in-person training format.