Under what conditions might Engel & Volkers charge a fee for additional training?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
eady paid training fee. We recommend making your travel arrangements only after you receive a final confirmation.
Our current practice is: a 50% refund will be provided for registrations cancelled at least 21 days in advance of the training program you are attending. No refunds will be permitted for cancellations made less than 21 days before the program or for "no-shows". All requests for substitution or cancellation must be made in writing.
- The Initial Franchise Fee entitles you to have one person trained under the Leadership Path Training (LPT) without charge. LPT is our primary training for our franchisees and others who may manage your residential reale estate brokerage office. You must pay a training fee for any additional persons
trained under LPT or other training. In addition, you are responsible for your expenses and those of your personnel incident to attendance at any training classes, including any applicable per diem salaries, travel, lodging, meals, transportation, and other incidental expenses. See Items 5 and 11.
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- You or your brokerage manager must attend the System Training provided by us, at a location determined by us. See Item 11.
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Source: Item 6 — OTHER FEES (FDD pages 22–30)
What This Means (2025 FDD)
According to Engel & Volkers's 2025 Franchise Disclosure Document, the initial franchise fee covers training for one person under the Leadership Path Training (LPT). However, Engel & Volkers may charge a training fee for any additional individuals trained under LPT or other training programs. Franchisees are also responsible for covering all expenses related to attending training classes for themselves and their personnel. These expenses include per diem salaries, travel, lodging, meals, transportation, and other incidental costs. Engel & Volkers also reserves the right to offer additional, ongoing, and supplemental training, some of which may be mandatory, and they reserve the right to charge a fee for attendance at these sessions.
This means that while the initial franchisee receives training, any subsequent training for additional personnel or advanced programs will likely incur extra costs. The franchisee needs to budget not only for the training fees themselves but also for all associated travel and accommodation expenses. This could represent a significant ongoing investment in employee development and skills enhancement.
Prospective franchisees should inquire about the typical costs of additional training programs, the frequency with which they are offered, and whether attendance is mandatory for certain roles or levels within the organization. Understanding these costs upfront will help in accurately forecasting the overall investment required to maintain a well-trained and competent team.