Under what conditions can Engel & Volkers require the Purchaser to pay with a credit card?
Engel_Volkers Franchise · 2025 FDDAnswer from 2025 FDD Document
We reserve the right to require that certain items be paid for by the Purchaser with a credit card.
Source: Item 22 — CONTRACTS (FDD page 88)
What This Means (2025 FDD)
According to Engel & Volkers' 2025 Franchise Disclosure Document, Engel & Volkers reserves the right to require that certain items be paid for by the Purchaser with a credit card. This means that Engel & Volkers has the discretion to mandate credit card payments for specific purchases made by the franchisee.
This policy could impact a franchisee's cash flow management. Franchisees should clarify which 'certain items' are subject to mandatory credit card payments. Understanding this will allow franchisees to plan their finances accordingly and avoid potential issues with payment processing.
It is important for prospective franchisees to discuss this payment condition with Engel & Volkers to fully understand the circumstances under which credit card payments may be required. This will help in assessing the financial implications and operational adjustments needed to comply with this requirement.