Exit 2025 FDD FAQ

According to Exit's FDD, what topics are covered under Section 2 - Office Operations? aggregated_summary

According to Exit's FDD, what topics are covered under Section 3 - Professional Conduct? aggregated_summary

According to the Exit Realty subfranchisor list, what states are represented? aggregated_summary

Besides owning or operating a competing real estate business, what other activities are Franchisee and Franchisee's shareholders, partners, members, directors, officers and guarantors prohibited from doing that is competitive with Exit during the term of the agreement? aggregated_summary

When developing a real estate franchise sales office, what types of laws must an Exit franchisee comply with? aggregated_summary

What is the estimated total initial investment range for an Exit franchise? aggregated_summary

In which states has Exit signed franchise agreements but not yet opened an outlet, and what are the respective counts? aggregated_summary

What was the total debt reduction across all Exit franchise territories listed in the table? aggregated_summary

What is the total estimated amortization expense for the Exit franchise? aggregated_summary

What is the total estimated initial investment range to start an Exit franchise? aggregated_summary

What is the total expected amortization expense for Exit? aggregated_summary

What is the total future expected sublease income for Exit? aggregated_summary

What was the total number of Exit franchise transfers in 2022? aggregated_summary

What was the total number of Exit franchise transfers in 2023? aggregated_summary

What was the total number of Exit franchise transfers in 2024? aggregated_summary

What was the total number of Exit franchise transfers in the District of Columbia between 2022 and 2024? aggregated_summary

What was the total revenue for Exit in 2023, combining revenues recognized over time and at a point in time? aggregated_summary

What distinguishes Level 3 valuations from Level 1 and Level 2 valuations in Exit's financial assessments? comparative

Does the Exit franchise agreement specify different breach correction periods based on the governing state law? comparative

For the Exit franchise, what is the significance of Section 16 in the context of Minnesota and North Dakota law? comparative

For the Exit franchise, which states' laws, if governing the agreement, affect the enforceability of the covenant not to compete? comparative

For the Exit franchise, which states mentioned in this section address the issue of injunctive relief and bond requirements? comparative

How does the Exit initial fee (Item 5) compare to the total estimated initial investment (Item 7)? comparative

How does the initial Exit franchise fee in Item 5 relate to the estimated initial investment range in Item 7? comparative

What is the range of the initial Exit franchise fee (Item 5) and how does it contribute to the total estimated initial investment (Item 7)? comparative

How did Exit's regional development rights and renewals revenue change from 2022 to 2023? comparative

What is the relationship between the Exit initial fee (Item 5) and the training expenses (Item 7)? comparative

What is the relationship between the Exit initial fee (Item 5), training expenses (Item 7) and other fees (Item 6)? comparative

What is the relationship between the Exit initial fee (Item 5), training expenses (Item 7), other fees (Item 6) and the restrictions on suppliers (Item 8)? comparative

What is the relationship between the Exit initial fee (Item 5), training expenses (Item 7), other fees (Item 6), the restrictions on suppliers (Item 8) and the lack of financing (Item 10)? comparative

What is the relationship between the Exit initial franchise fee (Item 5) and the ongoing fees (Item 6) in terms of the total cost of operating a franchise? comparative

What is the relationship between the Exit initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6) and the restrictions on suppliers (Item 8) in terms of the total financial burden and operational constraints on the franchisee? comparative

What is the relationship between the Exit initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6), the restrictions on suppliers (Item 8) and the lack of financing (Item 10) in terms of the total financial burden and operational constraints on the franchisee? comparative

What is the relationship between the Exit initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6), the restrictions on suppliers (Item 8), the lack of financing (Item 10) and the litigation history (Item 3) in terms of the total risk and financial burden on the franchisee? comparative

What is the relationship between the Exit initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6), the restrictions on suppliers (Item 8), the lack of financing (Item 10), the litigation history (Item 3) and the bankruptcy history (Item 4) in terms of the total risk and financial burden on the franchisee? comparative

What is the relationship between the Exit initial franchise fee (Item 5), training expenses (Item 7) and other fees (Item 6) in terms of the total financial burden on the franchisee? comparative

What is the relationship between the Exit initial franchise fee (Item 5) and the training expenses (Item 7) in terms of the total initial investment? comparative

If Exit remains in possession of the premises after the termination date without a new lease, what percentage of the annual minimum rent will they be charged? condition

If I sign up for initial training with Exit but fail to attend or cancel with less than 30 days' notice, what fee will Exit charge me? condition

Under what conditions are Exit franchisees and guarantors prohibited from acquiring another EXIT franchise? condition

According to Exit's FDD, what should be considered when contextualizing the accumulated stockholders' deficits? conditional

According to the Exit franchise agreement, can an Exit franchisee operate without being a licensed real estate broker? conditional

According to the Exit Franchise Agreement, under what condition will the office size need to increase within the first 3 years of the lease? conditional

According to South Dakota law, what effect do acknowledgment, disclaimer, or integration clauses have on statements, misrepresentations, or actions that violate Chapter 37-5B in the Exit agreement? conditional

Is attendance at Exit's initial training program mandatory, and if so, under what conditions? conditional

Is attendance at Exit's initial training program required? conditional

Is Exit authorized to provide financial performance information that differs from Item 19? conditional

Is the choice of law (Minnesota) for Exit Realty Upper Midwest subject to applicable state law? conditional

What is the condition related to financial obligations that exempts an Exit franchisee from changing telephone numbers after termination? conditional

What conditions must an Exit franchisee meet during the term of the agreement to be eligible for renewal? conditional

What is the dependency between closing Transaction Sides and Sponsoring Bonus levels for Exit Associates? conditional

What is the dependency between gross closed commissions and the sponsoring bonus for Exit associates? conditional

For Exit, what is the effect of the Company Development Fee not being received by EXIT electronically on the Sponsoring Bonus payout? conditional

Is the effectiveness of the Exit FDD receipt acknowledgement dependent on the franchisor's compliance with disclosure laws? conditional

What factors determine the Initial Fee for an Exit Realty Upper Midwest franchise? conditional

Is the Exit FDD acknowledgement dependent on any other factors? conditional

Is the Exit FDD receipt acknowledgement considered part of the franchise agreement? conditional

Is the Exit FDD receipt acknowledgement dependent on the franchisee meeting certain financial criteria? conditional

Does the Exit FDD receipt acknowledgement relate to any financing options for the franchise? conditional

Does the Exit FDD receipt acknowledgement relate to any minimum investment amount for the Exit franchise? conditional

Does the Exit FDD receipt acknowledgement trigger any fees or payments? conditional

What financial obligations must an Exit franchisee have complied with to be exempt from changing its telephone number after termination? conditional

Does the Exit franchise agreement's Section 16 get amended if governed by South Dakota law? conditional

For an Exit franchise, what population range defines a 'medium density' area for initial franchise fee purposes, and what geographic condition must also be met? conditional

For an Exit franchise, what population size defines a 'rural density' area for initial franchise fee purposes, and what geographic condition must also be met? conditional

Is the Exit franchisee's office site required to be within their Protected Territory? conditional

Is the grant of the Exit franchise dependent on the franchisee not defaulting under the agreement? conditional

What happens to the Administrative Fund proceeds allocated for an Exit office if the office does not have administrative staff or does not submit the Administrative Bonus information by April 30th? conditional

What happens if an Exit franchisee does not select an office site or open their office within 120 days of signing the Franchise Agreement? conditional

What happens if Exit does not use the full 5% increase allowance for Annual Membership and fees in a given year? conditional

What happens to the Exit Sponsoring Bonus if the associate has not elected to receive the Sponsoring Bonus electronically? conditional

What happens to the Exit Sponsoring Bonus if a beneficiary has been designated? conditional

If the Exit agreement is governed by California law, is the covenant not to compete in Section 21 always enforceable? conditional

If the Exit agreement is governed by California law, under what circumstances is the covenant not to compete in Section 21 enforceable? conditional

If the Exit agreement is governed by Illinois law, is a provision designating jurisdiction outside of Illinois valid? conditional

If the Exit agreement is governed by Indiana law, who decides if Exit Subfranchisor must post a bond in an injunctive proceeding? conditional

If the Exit agreement is governed by Indiana law, who determines if damages alone can compensate the Subfranchisor for a franchisee violation? conditional

If the Exit agreement is governed by Indiana law, how is the geographical limitation in Section 21 affected? conditional

If the Exit agreement is governed by the laws of the State of Minnesota, what happens if there is a claim regarding the use of the Proprietary Marks? conditional

If the Exit agreement is governed by the laws of the State of North Dakota, what happens if the Subfranchisor provides the Franchisee with written notice that Franchisee has breached this Agreement? conditional

If the Exit agreement is governed by the laws of the State of South Dakota, how long does the franchisee have to correct a breach after receiving written notice? conditional

If the Exit agreement is governed by Maryland law, do the acknowledgments in Section 41 waive the Exit franchisee's rights under Maryland franchise law? conditional

If the Exit agreement is governed by Minnesota law, how is Section 16 amended regarding breach notices? conditional

If the Exit agreement is governed by North Dakota law, is the covenant not to compete in Section 21 always enforceable? conditional

If the Exit agreement is governed by North Dakota law, how is Section 16 amended regarding breach notices? conditional

If the Exit agreement is governed by South Dakota law, what happens to any provision that designates jurisdiction or venue outside of South Dakota? conditional

If the Exit agreement is governed by South Dakota law, how many days does the franchisee have to correct a breach after receiving written notice? conditional

If the Exit agreement is governed by South Dakota law, how is Section 16 amended regarding breach notices from Exit? conditional

If the Exit agreement is governed by Wisconsin law, what law supersedes any conflicting terms of the agreement? conditional

If I am purchasing an existing Exit outlet, is Exit required to provide me with the actual records of that outlet? conditional

If the Exit associate designates a trust as their beneficiary, what information about the trust is required? conditional

If an Exit Associate's Sponsoring Bonuses and Recruits are redirected due to competition, to whom are they redirected? conditional

If the building housing Exit's premises is damaged to what extent can the landlord terminate the lease? conditional

If I buy an Exit Franchise, will my contact information be disclosed to other buyers when I leave the Exit System? conditional

If the Exit franchise agreement is governed by Illinois law, are the acknowledgments made by the franchisee in Section 41 allowed under the Illinois Franchise Disclosure Act? conditional

If the Exit franchise agreement is governed by Illinois law, is any provision designating jurisdiction or venue outside of Illinois valid? conditional

If the Exit franchise agreement is governed by Indiana law, to what area is the geographical limitation in Section 21 restricted? conditional

If the Exit franchise agreement is governed by Indiana law, who determines if damages alone can adequately compensate the subfranchisor for a violation by the franchisee? conditional

If the Exit franchise agreement is governed by Indiana law, who determines whether the subfranchisor will be required to post a bond in any injunctive proceeding? conditional

If the Exit franchise agreement is governed by Maryland law, are releases from liability and waivers described in Md. Comar 02.02.08.16L permitted in the agreement? conditional

If the Exit franchise agreement is governed by Minnesota law, how long does the franchisee have to correct a breach specified in a written notice? conditional

If the Exit franchise agreement is governed by Minnesota law, how much written notice must the subfranchisor provide to the franchisee before terminating the agreement for breach? conditional

If the Exit franchise agreement is governed by Minnesota law, what responsibility does the subfranchisor have regarding the franchisee's use of proprietary marks? conditional

If the Exit franchise agreement is governed by North Dakota law, how long does the franchisee have to correct a breach after receiving written notice from the subfranchisor? conditional

If an Exit franchisee dies, is the transfer of the franchise to a designated beneficiary automatically approved, or are there conditions that must be met? conditional

If an Exit franchisee owns more than one Exit Franchise operated by the same legal entity and trade name, what is the monthly license fee for the second and subsequent Exit Franchise Agreements? conditional

If an Exit franchisee requests consultation on technical matters, who must they pay and what expenses are associated with this? conditional

If the Protected Territory for an Exit franchise contains more than one state, which state's laws govern the franchise agreement and the relationship between the Subfranchisor and Franchisee? conditional

If Exit provides the actual records of an existing outlet you are considering buying, does this differ from the information included in Item 19? conditional

If purchasing an existing outlet, may Exit provide the actual records of that outlet? conditional

If Exit Realty Upper Midwest declares the Franchise Agreement null and void, will the Initial Fee be returned? conditional

What is the implication if Exit increases annual membership and fees by less than 5%? conditional

In Indiana, does Section 21 of the Exit agreement always entitle the Subfranchisor to injunctive relief? conditional

What is the Initial Fee for an Exit Realty Upper Midwest franchise if the protected territory has a population in excess of 50,000 persons? conditional

What is the Initial Fee for an Exit Realty Upper Midwest franchise if the protected territory has a population between 15,000 and 50,000 persons and is more than 2 miles from an area with a population of more than 50,000? conditional

What is the Initial Fee for an Exit Realty Upper Midwest franchise if the protected territory has a population of less than 15,000 persons and is more than 2 miles from an area with a population of more than 5,000? conditional

What is the initial franchise fee for an Exit franchise in a medium-density area with a population between 15,000 and 50,000 persons, provided the protected territory is more than 2 miles from an area with a population exceeding 50,000? conditional

What is the initial franchise fee for an Exit franchise in a rural-density area with a population of less than 15,000 persons, provided the protected territory is more than 2 miles from an area with a population exceeding 5,000? conditional

What is the intention of Exit's stockholders regarding financial assistance? conditional

How long does the landlord have to provide notice of lease termination to Exit after a triggering event? conditional

What is the maximum percentage Exit can increase annual membership and fees in subsequent years if they increase less than 5% in a prior year? conditional

What is the maximum Sponsoring Bonus that Exit pays per Recruit in the first calendar year? conditional

Is Exit obligated to defend a franchisee against all claims by a third party, or only those concerning the use of Proprietary Information? conditional

Can Exit Realty Upper Midwest declare the Franchise Agreement null and void if an office site is not selected or the office is not opened in time? conditional

For Exit referral commissions between Exit offices, how is the transaction fee split? conditional

For Exit referrals between offices, how is the Regional Development Fee split? conditional

Regarding authorized domain names, what should a prospective Exit franchisee do if they are in doubt about whether a domain name is acceptable? conditional

Does Exit require me to complete a Change of Brokerage Information Form? conditional

What is the required action for the Exit Franchise that held the Sponsor's license if the Sponsor is no longer in the Exit system when a Recruit returns within two years? conditional

What is a required action for an Exit franchisee to maintain the grant of the franchise? conditional

What is required for Exit to provide information about actual or potential financial performance? conditional

Is the requirement for dispute resolution by litigation in Lakeville, MN for Exit Realty Upper Midwest subject to state law? conditional

Does the restriction on operating a real estate brokerage business near my former Exit office apply if that business uses a reward system for sponsoring sales representatives? conditional

Does the restriction on operating a real estate brokerage business within a 10-mile radius of my Exit office apply if my Exit franchise agreement expires at the end of its term? conditional

Are Exit Sales Representatives required to participate in errors and omission insurance if facilitated as group coverage by Exit? conditional

What specific actions or inactions by the Exit Franchisee might lead to losses suffered by the Subfranchisor, requiring full compensation? conditional

What specific financial obligations to Exit must be met for the franchisee to be exempt from changing telephone numbers? conditional

During the term of the Exit Realty Upper Midwest franchise, is involvement in a competing business ever allowed? conditional

Under California law, as it pertains to the Exit franchise agreement, is the covenant not to compete upon termination or expiration of the agreement always enforceable? conditional

Under what circumstances is an Exit franchisee allowed to disclose Trade Secrets? conditional

Under what circumstances is an Exit franchisee NOT obligated to indemnify or hold harmless an indemnified party? conditional

Under what circumstances might an Exit franchisee be required to carry additional amounts and forms of insurance? conditional

Under what circumstances is an Exit franchisee required to pay Subfranchisor's costs, charges, expenses, and attorneys' fees? conditional

Under what condition will Exit defend a franchisee in an action involving the Proprietary Marks or System? conditional

Under what condition will Exit not establish another real estate service franchise or Exit owned real estate service office within the Protected Territory? conditional

Under what condition does the Exit franchise agreement automatically become nonexclusive? conditional

Under what condition is an Exit franchisee not obligated to change their telephone numbers after the agreement expires? conditional

Under what condition can Exit Realty Upper Midwest establish a company-owned or franchised outlet in my Exit Protected Territory? conditional

Under what condition does the restriction on owning, operating, or engaging in a real estate brokerage business within a ten-mile radius of the Exit Franchisee's office not apply? conditional

Under what condition is there no transfer fee charged by Exit? conditional

Under what condition is a transaction NOT subject to the Regional Development Fee under the Exit franchise agreement? conditional

Under what conditions can Exit declare the Franchise Agreement null and void if the franchisee has not opened their office? conditional

Under what conditions is an Exit franchisee not obligated to change its telephone number after termination? conditional

Under what conditions must a franchisee reimburse Exit Realty Upper Midwest for the cost of an audit? conditional

Under what conditions can the landlord terminate Exit's office lease agreement? conditional

Under what conditions can Exit provide financial performance information that differs from Item 19? conditional

Under what conditions can Exit Realty Upper Midwest declare the Exit Franchise Agreement null and void? conditional

Under what conditions will Exit or the Subfranchisor consent to the assignment of the Franchise Agreement to a corporation, partnership, or limited liability company? conditional

Under what conditions will the Subfranchisor consent to a transfer of an Exit franchise? conditional

Under Indiana law, as it pertains to the Exit franchise agreement, is the subfranchisor automatically entitled to injunctive relief as stated in Section 21? conditional

Under Indiana law, is Exit Subfranchisor automatically entitled to injunctive relief as stated in Section 21? conditional

Under Maryland law, are the liability releases and waivers described in Md. Comar 02.02.08.16L permitted in the Exit agreement? conditional

Under Maryland law, as it pertains to the Exit franchise agreement, will the acknowledgments made by the franchisee in Section 41 be construed as a waiver of the franchisee's rights under the Maryland Franchise Registration and Disclosure Law? conditional

Under Minnesota law, how much notice must Exit Subfranchisor provide to the Franchisee before terminating the agreement for breach? conditional

Under Minnesota law, what obligation does Exit Subfranchisor have regarding the Proprietary Marks? conditional

Under Minnesota law, as it pertains to the Exit franchise agreement, who determines whether the subfranchisor will be required to post a bond in any injunctive proceeding? conditional

Under North Dakota law, how long does the Exit franchisee have to correct a breach after receiving written notice? conditional

Is the validity of the Exit FDD receipt acknowledgement dependent on the accuracy of the FDD itself? conditional

According to Item 11, what proprietary information is an Exit franchisee permitted to use? cross_section

According to Exit Realty, what are the requirements outlined in section 9.d) that EXIT Associates must meet? cross_section

How does the Exit bankruptcy history (Item 4) relate to the franchisee's obligations regarding financial investments (Item 7)? cross_section

What are the conditions under which the initial Exit franchise fee, as described in Item 5, might vary based on the territory size mentioned in Item 12? cross_section

What is the connection between the Exit franchisor's pre-opening obligations (Item 11) and the franchisee's pre-opening purchases (Item 9)? cross_section

What is the connection between the Exit initial franchise fee in Item 5 and the franchisee's pre-opening purchase obligations in Item 9? cross_section

How does the Exit franchisee's obligation to purchase materials from approved suppliers (Item 8) relate to the pre-opening purchases listed in Item 9? cross_section

How does the Exit franchisor's assistance described in Item 11 relate to the franchisee's site selection obligations in Item 9? cross_section

How does the Exit franchisor's assistance (Item 11) relate to the franchisee's site development obligations (Item 9)? cross_section

How does the Exit franchisor's assistance (Item 11) relate to the franchisee's site development obligations (Item 9) and the estimated initial investment (Item 7)? cross_section

How does the Exit franchisor's assistance (Item 11) relate to the franchisee's site development obligations (Item 9), the estimated initial investment (Item 7) and the protected territory (Item 12)? cross_section

How does the Exit franchisor's assistance with office plans (Item 11) relate to the franchisee's site development and pre-opening obligations (Item 9)? cross_section

How does the Exit franchisor's assistance with prototypical office plans in Item 11 relate to the franchisee's site development obligations in Item 9? cross_section

How does the Exit franchisor's assistance with prototypical office plans (Item 11) relate to the franchisee's site development obligations (Item 9) and the estimated initial investment (Item 7)? cross_section

How does the Exit franchisor's assistance with prototypical office plans (Item 11) relate to the franchisee's site development obligations (Item 9), the estimated initial investment (Item 7) and the protected territory (Item 12)? cross_section

How does the Exit franchisor's assistance with prototypical office plans (Item 11) relate to the franchisee's site development obligations (Item 9), the estimated initial investment (Item 7), the protected territory (Item 12) and the restrictions on suppliers (Item 8)? cross_section

How does the Exit franchisor's assistance with prototypical office plans (Item 11) relate to the franchisee's site development obligations (Item 9), the estimated initial investment (Item 7), the protected territory (Item 12), the restrictions on suppliers (Item 8) and the business experience of the subfranchisor (Item 2)? cross_section

How does the Exit franchisor's assistance with prototypical office plans (Item 11) relate to the franchisee's site development obligations (Item 9), the estimated initial investment (Item 7), the protected territory (Item 12), the restrictions on suppliers (Item 8), the business experience of the subfranchisor (Item 2) and the litigation history (Item 3)? cross_section

How does the Exit franchisor's assistance with site selection (Item 11) relate to the territory granted to the franchisee (Item 12)? cross_section

How does the Exit franchisor's business experience (Item 2) relate to the assistance they provide to franchisees (Item 11)? cross_section

How does the Exit franchisor's lack of financing (Item 10) affect the franchisee's ability to meet their obligations (Item 9)? cross_section

How does the Exit franchisor's lack of financing options in Item 10 affect the franchisee's ability to meet the financial obligations outlined in Item 9? cross_section

How does the Exit cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's ability to cover the initial franchise fee (Item 5)? cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's ability to cover the initial franchise fee (Item 5) and training expenses (Item 7)? cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's ability to cover the initial franchise fee (Item 5), training expenses (Item 7), and other fees (Item 6)? cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's ability to cover the initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6) and the obligations related to approved suppliers (Item 8)? cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's ability to cover the initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6), the obligations related to approved suppliers (Item 8) and the potential litigation costs (Item 3)? cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's ability to cover the initial franchise fee (Item 5), training expenses (Item 7), other fees (Item 6), the obligations related to approved suppliers (Item 8), the potential litigation costs (Item 3) and the potential bankruptcy risks (Item 4)? cross_section

What are the implications of Exit not offering financing (Item 10) on the franchisee's estimated initial investment (Item 7)? cross_section

How does the Exit initial fee in Item 5 depend on the geographic territory described in Item 12? cross_section

How does the Exit lack of financing (Item 10) affect the franchisee's ability to cover the initial fee (Item 5)? cross_section

How does the Exit lack of financing (Item 10) affect the franchisee's ability to cover the initial fee (Item 5) and training expenses (Item 7)? cross_section

How does the Exit lack of financing (Item 10) affect the franchisee's ability to cover the initial fee (Item 5), training expenses (Item 7) and other fees (Item 6)? cross_section

How does the lack of financing offered by Exit (Item 10) impact the franchisee's ability to cover the estimated initial investment (Item 7)? cross_section

How does the Exit litigation history (Item 3) relate to the franchisee's obligations regarding financial investments (Item 7)? cross_section

How does Exit's obligation to provide prototypical office plans in Item 11 relate to the franchisee's obligation for site selection in Item 9? cross_section

What obligations does an Exit franchisee have regarding pre-opening purchases (Item 9) and how are these affected by restrictions on suppliers (Item 8)? cross_section

What pre-opening purchases or leases for an Exit franchise, as mentioned in Item 9, are further detailed in Items 5, 6, and 7? cross_section

How does the Exit protected territory defined in Item 12 impact the franchisee's site selection and lease obligations described in Item 9? cross_section

How does the Exit protected territory (Item 12) affect the franchisee's ability to operate, considering the restrictions on suppliers (Item 8)? cross_section

How does the Exit protected territory (Item 12) affect the franchisee's obligations regarding site selection (Item 9)? cross_section

How does the Exit protected territory (Item 12) impact the franchisee's ability to generate revenue, considering the initial fees (Item 5)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection and lease (Item 9), considering the franchisor's assistance (Item 11)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection and lease (Item 9), considering the franchisor's assistance (Item 11) and the initial franchise fee (Item 5)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection and lease (Item 9), considering the franchisor's assistance (Item 11), the initial franchise fee (Item 5) and the lack of financing (Item 10)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection and lease (Item 9), considering the franchisor's assistance (Item 11), the initial franchise fee (Item 5), the lack of financing (Item 10) and the restrictions on suppliers (Item 8)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection and lease (Item 9), considering the franchisor's assistance (Item 11), the initial franchise fee (Item 5), the lack of financing (Item 10), the restrictions on suppliers (Item 8) and the litigation history (Item 3)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection and lease (Item 9), considering the franchisor's assistance (Item 11), the initial franchise fee (Item 5), the lack of financing (Item 10), the restrictions on suppliers (Item 8), the litigation history (Item 3) and the bankruptcy history (Item 4)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection (Item 9)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection (Item 9), considering the franchisor's assistance (Item 11)? cross_section

How does the Exit protected territory (Item 12) influence the franchisee's obligations regarding site selection (Item 9), considering the franchisor's assistance (Item 11), the initial fee (Item 5) and the lack of financing (Item 10)? cross_section

What is the relationship between the Exit franchisor's obligations (Item 11) and the franchisee's obligations (Item 9)? cross_section

What is the relationship between the Exit protected territory granted in Item 12 and the site selection obligations outlined in Item 9? cross_section

How does the Exit requirement to purchase from approved suppliers (Item 8) affect the estimated initial investment (Item 7)? cross_section

What restrictions on sources of products and services for Exit, as detailed in Item 8, impact the pre-opening purchases and leases mentioned in Item 9? cross_section

How do the restrictions on sources of products and services for Exit (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7)? cross_section

How do the restrictions on sources of products and services for Exit (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7), considering other fees (Item 6)? cross_section

How do the restrictions on sources of products and services for Exit (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7), considering other fees (Item 6) and the franchisor's assistance (Item 11)? cross_section

How do the restrictions on sources of products and services for Exit (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7), considering other fees (Item 6), the franchisor's assistance (Item 11) and the protected territory (Item 12)? cross_section

How do the restrictions on sources of products and services for Exit (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7), considering other fees (Item 6), the franchisor's assistance (Item 11), the protected territory (Item 12) and the business experience of the subfranchisor (Item 2)? cross_section

How do the restrictions on sources of products and services for Exit (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7), considering other fees (Item 6), the franchisor's assistance (Item 11), the protected territory (Item 12), the business experience of the subfranchisor (Item 2) and the litigation history (Item 3)? cross_section

How do the Exit restrictions on suppliers (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9)? cross_section

How do the Exit restrictions on suppliers (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7)? cross_section

How do the Exit restrictions on suppliers (Item 8) affect the franchisee's ability to manage pre-opening purchases (Item 9) within the estimated initial investment (Item 7), considering other fees (Item 6)? cross_section

How do the Exit restrictions on suppliers (Item 8) affect the franchisee's ability to meet their obligations (Item 9)? cross_section

What are the restrictions on suppliers for Exit (Item 8) and how do they relate to the franchisee's pre-opening purchases/leases (Item 9)? cross_section

How does the Exit territory exclusivity described in Item 12 affect the franchisee's obligations related to site selection and lease as outlined in Item 9? cross_section

What was the total amortization expense for the Exit franchise for the year ended December 31, 2023? cross_section

How does the Exit training expense in Item 7 relate to the pre-opening obligations of the franchisor in Item 11? cross_section

Before conducting business under the Franchise Agreement, what must an Exit franchisee cause its insurance agency to deliver? deadline

What IRS form must a Sales Representative complete and deliver to Exit, and when? deadline

What is the fee for a minor transfer of an Exit franchise, defined as a transfer of less than a 50% interest? definition

What is the Exit transaction fee for transaction sides generating a gross commission to the franchise considered 'Minimum Commissions' (between $250.01 and $2,500)? definition

What computer requirements must an Exit franchisee meet for the Franchise MEMO system, as described in Item 11? dependency

According to the Exit franchise agreement, what happens if the franchise interest is not transferred within nine months of the franchisee's death or permanent disability? edge_case

According to the Exit franchise agreement, if a provision in Section 21 is deemed unenforceable due to its scope, what agreement do the parties make? edge_case

According to Exit, what happens if the Sponsor is no longer in the Exit system when a Recruit returns within two years? edge_case

According to Exit's policy, what happens to Sponsoring Bonuses if a Sponsor dies without designating a beneficiary? edge_case

What actions are prohibited regarding the Exit FDD receipt acknowledgement? edge_case

What additional administration fee does Exit deduct from each Sponsoring Bonus in the event of the death of the Sponsor? edge_case

For the Exit Beneficiary Program, what happens to the Sponsoring Bonuses if an individual beneficiary has been designated, upon the death of the beneficiary? edge_case

Are commissions of $250.00 or less subject to Exit's Company Development Fees? edge_case

What is the consequence if an Exit franchisee violates the transfer restrictions outlined in the Franchise Agreement? edge_case

What are the consequences if the on-premises manager of an Exit franchise fails to complete the required training? edge_case

Does the Exit FDD receipt acknowledgement have any geographic limitations? edge_case

In the Exit franchise agreement, what happens if any part of Section 21 is deemed invalid or unenforceable? edge_case

What happens to the Exit franchise agreement if the franchisee defaults and does not cure the default in a timely manner? edge_case

What happens to the Exit franchisee's prior sponsorship if they were sponsored into the EXIT System before buying the franchise? edge_case

What happens if an Exit franchisee attempts an unauthorized transfer of their franchise interest? edge_case

What happens if the Exit Franchisee has not selected an office site, if the Franchisee and Subfranchisor cannot agree on a site, or if the Franchisee has not opened its office within 120 days after signing a Franchise Agreement? edge_case

What happens if the Franchisee and Subfranchisor for Exit cannot agree on a site for the Franchise office? edge_case

For Exit, what happens to the remaining Sponsoring Bonuses if the Franchise for whom the Sponsor worked no longer exists? edge_case

What happens to my right to use Exit's trademarks if EXIT Realty Upper Midwest's subfranchise rights are terminated? edge_case

For Exit, what happens to the Sponsoring Bonuses if the individual beneficiary dies? edge_case

For Exit, what happens to the Sponsoring Bonuses if a Sponsor dies without designating a beneficiary? edge_case

What happens to the sponsorship of an Exit equity holder if they leave the franchisee but stay in the EXIT System? edge_case

If an Exit Associate works for a competing real estate company for 30 days, what happens to the Sponsoring Bonuses and Recruits? edge_case

If an Exit Associate works for a competing real estate company for 30 days, what happens to the Sponsoring Bonuses and Recruits of that Exit Associate? edge_case

If the Franchise no longer exists, where will the Sponsoring Bonuses and Recruits of an Exit Associate who has violated the non-competition agreement be redirected? edge_case

If the Exit Franchisee fails to execute individual assignments of Franchise Agreements and Approved Supplier Agreements promptly upon expiration or termination, what is deemed to occur? edge_case

Can the on-premises manager of an Exit franchise also manage another business? edge_case

Does Exit specify the form or content of the written agreement that the manager must sign? edge_case

What is Exit Subfranchisor's recourse if the Franchisee has not opened its office within 120 days after signing the Franchise Agreement? edge_case

Are there any circumstances where the Exit franchisee can request an extension to the acknowledgement deadline? edge_case

Are there any circumstances under which Exit will accept a modified version of the FDD receipt acknowledgement? edge_case

Are there any circumstances under which the Exit FDD receipt acknowledgement is not required? edge_case

Is there any exception to the requirement that the Exit franchisee, or a designated officer, devote full time to the business? edge_case

Are there any exceptions to the acknowledgement requirements in the Exit FDD receipt? edge_case

Are there any exceptions to the deadline for returning the Exit FDD receipt acknowledgement? edge_case

Are there any financial thresholds related to the acknowledgement in the Exit FDD receipt? edge_case

Under the Exit Beneficiary Program, what happens to the Sponsoring Bonuses if a beneficiary is not designated by the Sponsor? edge_case

Under what circumstances might the covenant not to compete in Section 21 of the Exit agreement be unenforceable in South Dakota? edge_case

Under what circumstances related to bankruptcy might the Exit Franchise Agreement's termination clause be unenforceable? edge_case

Under what conditions is the Exit FDD receipt acknowledgement considered invalid? edge_case

Besides other rights and remedies, what right does the subfranchisor have within the Protected Territory if the Exit franchisee defaults and does not cure the default in a timely manner? exception

Are commissions of $250.00 or less subject to Company Development Fees for an Exit franchise? exception

After the Exit franchise agreement terminates, can I operate a real estate brokerage business within a 10-mile radius of my former Exit office if the agreement expired at the end of its term? exception

For an Exit franchise, what happens to provisions in the franchise agreement that conflict with the applicable governing law? exception

What must an Exit franchisee do if Confidential Information is required to be disclosed by court order? exception

As an Exit franchisee, under what conditions may I copy any of Exit's confidential information? exception

As an Exit franchisee, under what conditions may I give Exit's confidential information to a third party? exception

If an Exit franchisee owns more than one Exit Franchise Agreement operated by the same legal entity and using the same trade name, what is the computer software license fee for the second and subsequent agreements? exception

If Exit supplements the information provided in Item 19, what is an example of the type of information they might provide? exception

For Exit referrals between offices, if an office receives 25% of the commission, what percentage of the regional development fee does that office pay? exception

What is the significance of Section 9.k) in relation to the currency used in the Exit Formula? exception

What types of provisions are exempt from the two-year limitation of actions clause for Exit franchisees? exception

Under what circumstances, as detailed in Section 8.3, is an Exit franchisee NOT solely responsible for fines, suits, proceedings, claims, or damages relating to its business? exception

Under what conditions is an Exit franchisee exempt from paying a transfer fee to the Subfranchisor when assigning their interest? exception

How is the $100,000 gross commission threshold pro-rated for an Exit franchise in its first calendar year of operation? factual

How is the $100,000 gross commission threshold for Sales Representative payments handled in the first calendar year for an Exit franchise? factual

What is the abandonment period that triggers termination without cure for an Exit franchise? factual

How does the ability to extend or renew agreements related to intangible assets impact Exit's future cash flows? factual

Is the ability to be involved in a competing business during the term of the Exit Realty Upper Midwest franchise subject to state law? factual

What does the absence of bankruptcy information in Item 4 suggest about Exit Realty's financial history? factual

According to Exit's accounting policies, how are digital assets held as a result of transactions accounted for? factual

According to Exit's accounting practices, how are significant additions or improvements extending asset lives treated? factual

According to Exit's advertising guidelines, what statement must a franchisee include on their web page, telephone book advertisements, exterior sign, lawn signs, letterhead, deposit receipt forms, listing agreements, and other printed materials? factual

According to the amortization schedule, what is the total expected amortization expense for an Exit franchise? factual

According to Exit, how are assets and liabilities recorded in foreign currencies translated? factual

According to the auditor, what level of assurance is provided regarding the detection of material misstatements in Exit's financial statements? factual

According to the auditors, what auditing standards were followed when auditing the financial statements for Exit? factual

According to Exit, what constitutes a business that is competitive with the business conducted by Exit or an Exit Franchise? factual

According to Exit, what is contingent upon the professionalism, productivity, and conduct of its people? factual

According to Exit, who controls the actual hiring of Sales Representatives? factual

According to Exit, who determines if a business is competitive with Exit or an Exit Franchise? factual

According to Exit, what document contains the distinguishing characteristics of the system that the franchisee must feature? factual

According to Exit, what documentation is required for a Sponsor to designate a beneficiary for Sponsoring Bonuses? factual

According to Exit, what effort should Franchisees make in developing a sales force? factual

According to the Emphasis of Matter section, what financial issues have raised substantial doubt about Exit's ability to continue as a going concern? factual

According to the Emphasis of Matter section, where can I find the description of management's plans to alleviate the substantial doubt about Exit's ability to continue as a going concern? factual

According to Exit, what factors may impact the allowance for credit losses, and why is this determination subject to significant judgments and estimates? factual

According to Exit's FDD, what accounting principles are the company's consolidated financial statements in conformity with? factual

According to Exit's FDD, what accounting principles must management adhere to when preparing financial statements? factual

According to the FDD, what agreement dictates how the Transaction Fee is divided between the Subfranchisor and Exit? factual

According to Exit's FDD, what is the basis for valuations in Level 3, and how significant are they to the fair value of assets or liabilities? factual

According to Exit's FDD, why do the carrying amounts for cash, accounts receivable, accounts payable, and accrued liabilities approximate their fair value? factual

According to Exit's FDD, how are commissions paid in installments entered into Exit's computer reporting system? factual

According to Exit's FDD, what is considered along with net income as components of comprehensive income? factual

According to Exit's FDD, what constitutes 'fair value' in the context of asset or liability valuation? factual

According to Exit's FDD, why is the fair value of notes receivable, loans receivable, advances to and from related parties, and notes payable not determinable? factual

According to the Exit FDD, what is the franchisee prevented from doing that would damage the goodwill associated with the Exit Proprietary Marks? factual

According to the Exit FDD, what is the franchisee prevented from doing with marketing and promotional information? factual

According to the Exit FDD, what happens if the franchisee duplicates the Exit System? factual

According to Exit's FDD, what inputs are considered in Level 2 measurements? factual

According to Exit's FDD, how are installment commissions entered into Exit's computer reporting system? factual

According to the FDD, what is the issuance date of the Exit Realty Upper Midwest Disclosure Document? factual

According to Exit's FDD, what do lease liability obligations represent? factual

According to the Exit FDD, what legitimate business interests are the injunctive relief provisions designed to protect? factual

According to Exit's FDD, over what period does the company amortize goodwill on a straight-line basis? factual

According to Exit's FDD, what is Exit's plan to fund its operations and strategic objectives? factual

According to the FDD, what should a prospective Exit Realty Upper Midwest franchisee do if the Disclosure Document contains a false or misleading statement? factual

According to Exit's FDD, what is the range of years in which the notes receivable from sub-franchisors mature? factual

According to Exit's FDD, how readily identifiable are separate performance obligations? factual

According to the FDD, what is Exit Realty Corp. International management responsible for regarding the consolidated financial statements? factual

According to the Exit FDD receipt, what income types are included in the calculation of total income? factual

According to Exit's FDD, what do ROU assets represent? factual

According to the FDD, what does the term 'EXIT' refer to regarding the Exit franchise? factual

According to Exit's FDD, were there any interest or penalty expenses related to uncertain tax positions for the years ended December 31, 2024, 2023, and 2022? factual

According to the Exit FDD, what are transaction fees applied towards? factual

According to Exit's FDD, what two rights must a customer have to control the use of an identified asset for a period of time? factual

According to the Exit FDD, what are the two 'Transaction Sides' involved in every sales or leasing transaction? factual

According to Exit's FDD, what is the typical period that the Company's tax returns remain open for? factual

According to Exit's FDD, under what accounting principles are the financial statements presented? factual

According to Exit's FDD, what are the years in which Exit has net capital deficiencies? factual

According to Exit's financial statement preparation, what impact do estimates and assumptions made by management have on reported amounts of assets and liabilities? factual

According to Exit's financial statement presentation, what maturity period defines a debt instrument as a cash equivalent? factual

According to the Exit financial statements, what specific accounts were restated due to errors discovered by management? factual

According to the Exit franchise agreement, what actions are franchisees prohibited from taking that might affect or prejudice Exit's rights to the Proprietary Marks? factual

According to the Exit franchise agreement, does the agreement establish either party as an agent of the other? factual

According to the Exit franchise agreement, who benefits from the goodwill associated with the Proprietary Marks? factual

According to the Exit Franchise Agreement, what is considered a 'Transfer'? factual

According to the Exit Franchise Agreement, what is considered a 'Transfer' that requires Subfranchisor consent? factual

According to the Exit franchise agreement, how are the continuing fees paid to the Subfranchisor or Exit? factual

According to the Exit franchise agreement, what damages is the Subfranchisor entitled to if the Franchisee breaches the agreement by wrongful termination? factual

According to the Exit Franchise Agreement, what is the definition of 'control' in relation to an 'Affiliate'? factual

According to the Exit franchise agreement, what documents are included in the complete agreement between the subfranchisor and franchisee? factual

According to the Exit franchise agreement, where can I find the specific manner in which I must use Exit's trademarks? factual

According to the Exit franchise agreement, what form of payment is required for the initial franchise fee? factual

According to the Exit Franchise Agreement, to whom does the Franchisee assign the Franchise Agreements and Approved Supplier Agreements upon expiration or termination? factual

According to the Exit franchise agreement, what must an Exit franchisee comply with to maintain the protected status of their Protected Territory? factual

According to the Exit franchise agreement, what must a franchisee do to conduct its operations and business? factual

According to the Exit franchise agreement, what is an Exit franchisee liable to the Subfranchisor for regarding monies received? factual

According to the Exit franchise agreement, what must a franchisee do to operate their business? factual

According to the Exit franchise agreement, what is the franchisee's responsibility regarding keeping the Training and Operating Manuals current? factual

According to the Exit franchise agreement, where can the geographical area of the Protected Territory be found? factual

According to the Exit franchise agreement, what happens if the franchisee complies with the requirements for operating as a business entity? factual

According to the Exit Franchise Agreement, what information is inserted for the Franchisee's address? factual

According to the Exit franchise agreement, what law governs the agreement and the relationship between the Subfranchisor and Franchisee, excluding matters governed by the United States Trademark Act of 1946? factual

According to the Exit franchise agreement, is Exit liable for any actions or inactions of the franchisee? factual

According to the Exit franchise agreement, what is the minimum number of real estate transactions a Sales Representative must close for the Franchisee during the calendar year to be considered a 'Sales Representative'? factual

According to the Exit franchise agreement, where should notices be sent if a more recent address isn't in the sender's records? factual

According to the Exit franchise agreement, can oral modifications, changes, or additions to the agreement be considered valid? factual

According to the Exit franchise agreement, who owns the Confidential Information? factual

According to the Exit franchise agreement, who owns the Proprietary Marks? factual

According to the Exit franchise agreement, can a party's actions or knowledge be considered a waiver of the agreement's terms? factual

According to the Exit franchise agreement, what is the primary role of a Sales Representative? factual

According to the Exit franchise agreement, what is the purpose of the headings used in paragraphs and subparagraphs? factual

According to the Exit franchise agreement, what is the purpose of the limitations outlined in Section 21 regarding reasonableness? factual

According to the Exit franchise agreement, what records can Exit or the Subfranchisor inspect at the franchisee's place of business? factual

According to the Exit franchise agreement, what relationship is established between the Subfranchisor and Franchisee? factual

According to the Exit franchise agreement, what is the relationship between the subfranchisor and franchisee? factual

According to the Exit franchise agreement, what is required for a waiver of terms to be valid? factual

According to the Exit franchise agreement, what is the subfranchisor's recourse if the franchisee fails to pay financial obligations? factual

According to the Exit franchise agreement, what type of activities are franchisees prohibited from engaging in? factual

According to the Exit franchise agreement, what type of relationship is established between the Subfranchisor and Franchisee? factual

According to U.S. GAAP, how are changes in assets and liabilities, such as foreign currency translation adjustments, reported by Exit? factual

According to Exit's general collaboration acknowledgement, what is the key ingredient of the Exit superstructure? factual

According to Item 4, is there any bankruptcy information disclosed for the Exit Realty Corp. International franchisor? factual

According to Item 4, is there any bankruptcy information disclosed for the Exit Realty Upper Midwest subfranchisor? factual

According to management's opinion, is Exit exposed to significant interest rate or credit risks arising from its financial instruments? factual

According to Exit, where should new clients ideally be met for the first time? factual

According to the opinion, what accounting principles were used in the financial statements of Exit Realty Corp. International? factual

According to the opinion, as of what date does the consolidated balance sheet of Exit Realty Corp. International present fairly? factual

According to the opinion, what entity's financial statements were audited for Exit Realty Upper Midwest? factual

According to the opinion, for Exit Realty Upper Midwest, what accounting principles were used in the financial statements? factual

According to the opinion, what type of financial statements of Exit Realty Corp. International were audited? factual

According to the opinion, what years are covered by the audited financial statements for Exit Realty Upper Midwest? factual

According to Exit's policies, in whose name should all real estate listings and service contracts be taken? factual

According to Exit's policy, how does the company determine when accounts receivable are considered past due? factual

According to Exit Realty, what constitutes 'Sales Representatives'? factual

According to the Exit Realty Corp. Franchise Agreement, what information is deemed part of the agreement between the Subfranchisor and the Franchisee? factual

According to the Exit Realty FDD, what is the definition of a 'Sales Representative'? factual

According to the Exit Realty Upper Midwest financial statements, how much cash was paid for income taxes related to franchise agreements in 2022? factual

According to the Exit Realty Upper Midwest financial statements, how much cash was paid for interest related to franchise agreements in 2023? factual

According to the Exit Realty Upper Midwest financial statements, what is the total principal maturities of notes payable as of December 31, 2024? factual

According to Exit Realty's principles of consolidation, which entities are included in the consolidated financial statements? factual

According to the Exit receipt, how will updates to the Policies and Procedures Manual be provided to associates? factual

According to the recitals, what type of materials are used in Exit offices as part of the System? factual

According to Exit, can a Recruit be sponsored into the Exit System by more than two Sponsors? factual

According to Exit's requirements, where must the franchisee feature the distinguishing characteristics of the Exit system? factual

According to Exit's revenue recognition policy, when is revenue recognized? factual

According to Exit's revenue recognition policy, what are the steps involved in recognizing revenue when the company satisfies performance obligations? factual

According to Exit, can Sales Representatives designate themselves as their own Sponsor? factual

According to Schedule 3, what information is deemed part of the Exit Realty Corp. Franchise Agreement? factual

According to Exit, to whom are Sponsoring Bonuses payable, unless otherwise directed? factual

According to Exit, how must the Sponsorship be acknowledged and verified by each Recruit? factual

According to the text, what are the sources that have funded Exit's operations? factual

According to Exit, can two Sales Representatives sponsor each other? factual

How does Exit account for income taxes according to FASB ASC 740? factual

How does Exit account for lease agreements with both lease and non-lease components? factual

How does Exit account for operating leases in its Balance Sheets? factual

How does Exit account for receivables? factual

What accounting principles must Exit Realty Corp. International's consolidated financial statements adhere to? factual

What accounting standard did Exit adopt on January 1, 2023, regarding financial instruments and credit losses? factual

What accounting standard does Exit follow regarding goodwill amortization? factual

What accounting standard update (ASU) regarding financial instruments - credit losses (Topic 326) was issued by the FASB that affects Exit's accounting? factual

What accounting standard does Exit use to estimate the allowance for lifetime expected credit losses? factual

What was the accounts receivable balance for Exit as of January 1, 2022? factual

How are accounts receivable presented by Exit after adopting FASB ASU 2016-13? factual

Does Exit accrue compensated absences for sick pay and personal time? factual

What was the accumulated amortization of organization costs for Exit franchisees as of December 31, 2024? factual

What were Exit's accumulated stockholders' deficits as of December 31, 2024, 2023, and 2022? factual

What acknowledgement is required in the Exit FDD receipt? factual

What is the acknowledgement requirement for receiving the Exit Franchise Disclosure Document? factual

What action must an Exit franchisee take to notify the public that they are operating as an independent business? factual

In an action seeking injunctive relief, is Exit or the Subfranchisor required to post a bond or other security against the Exit franchisee? factual

What actions by an Exit franchisee would constitute 'Opened for Business'? factual

What actions did Exit management take during the year ended December 31, 2023, to improve operating cash flows? factual

What actions related to bankruptcy or insolvency would trigger a default under the Exit franchise agreement? factual

What actions are required before an Exit Associate can receive the remuneration package outlined in the FDD? factual

What is the address for the Attorney General of Illinois Franchise Bureau, the Agent for Service of Process for Exit? factual

What is the address of Cade Pankonin at Exit Realty Upper Midwest, who I should contact regarding unauthorized financial performance information? factual

What is the address for the Clerk, State Corporation Commission Division of Securities and Retail Franchising, the agent for service of process for Exit in Virginia? factual

What is the address of Lynda Cook's EXIT Realty Sioux Empire franchise? factual

What is the address of Marcella Poitras' EXIT Realty Elite franchise? factual

What is the address for the Maryland Securities Commissioner, the Agent for Service of Process for Exit? factual

What is the address for the Maryland Securities Commissioner Office of the Attorney General Securities Division, the agent for service of process for Exit? factual

What is the address for the Minnesota Commissioner of Commerce, the state administrator for Exit? factual

What is the address for the New York State Department of Law, Investor Protection Bureau regarding Exit? factual

What is the address of the North Dakota Securities Commissioner, the agent for service of process for Exit in North Dakota? factual

What is the address of the EXIT Real Estate Results franchise (FL931) owned by Sebastian and Michelle Manes? factual

What is the address of the EXIT Real Estate Results franchise (FL934) owned by Michelle and Sebastian Manes? factual

What is the address of the EXIT Realty Green & Associates franchise located in Louisville, KY? factual

Is adherence to the operational rules established by Exit a material consideration for the execution of the Franchise Agreement? factual

Who administers the United States Creative Fund for Exit, and how is it used? factual

Who is the Administrator, Division of Securities Department of Financial Institutions Division of Securities for Exit? factual

Who is the Administrator of Securities Securities Division for Exit? factual

When did Exit adopt the CECL standard? factual

For Exit, were the advances to and from shareholders interest-bearing for the year ended December 31, 2023? factual

Are the advances to/from related companies under common control with Exit secured, and do they bear interest? factual

Are the advances from the ultimate shareholder of Exit secured, and do they bear interest? factual

Are the Advertising Funds audited by Exit? factual

Are the Advertising Funds intended for the direct benefit of any specific Exit franchisee? factual

What were Exit's advertising and promotion expenses for the year ended December 31, 2024? factual

What advertising and promotion mediums are used by the United States Promotional Fund for Exit? factual

What advice does the Broker/Manager at Exit agree to furnish to an agent upon request? factual

Does Exit advise the franchisee to determine compliance with federal, state and local laws before executing the agreement? factual

Does Exit advise the franchisee to determine compliance with rules, ordinances, special regulations and statutes before executing the agreement? factual

Does Exit advise the franchisee to review the business aspects of the real estate office before executing the agreement? factual

Does Exit advise the franchisee to review all other legal documents before executing the agreement? factual

Does Exit advise the franchisee to review the operations of the real estate office before executing the agreement? factual

Does Exit advise franchisees to consult with an attorney or advisor before executing the agreement? factual

What does Exit advise regarding transporting clients in personal vehicles? factual

What affidavit must a retiring Exit Associate sign to continue receiving Sponsoring Bonuses? factual

Does Exit or its affiliates have a fiduciary duty with respect to any of the funds? factual

What should an Exit agent do if a problem arises with a fellow agent? factual

Who is the Agent for Service of Process in New York for Exit? factual

Who is the Agent for Service of Process for Exit in New York? factual

Who is the Exit agent for service of process in North Dakota? factual

What should Exit agents do if a situation feels unsafe? factual

To whom should Exit agents submit suggestions for improvement of procedures? factual

What does Exit agree to furnish to an agent upon request, in addition to advice and information? factual

What does Exit agree to make available to all agents regarding company listings? factual

Does the Exit agreement constitute a legal document? factual

Does the agreement not to contest the validity or ownership of Proprietary Marks survive the termination of the Exit franchise agreement? factual

Can the Exit agreement be executed in counterparts? factual

Can the agreement between Exit and the Sales Representative be changed orally? factual

What agreements are attached to the Exit Disclosure Document? factual

What agreements related to the Exit franchise should I review according to Item 17? factual

Does Ah$um America, Inc. charge a fee for supplier approval for Exit franchises? factual

What does Ah$um America, Inc. license for Exit franchisees? factual

Can Ah$um America, Inc. re-inspect the products or services of an already approved supplier for Exit franchises? factual

How does Exit allocate a contract's transaction price to each performance obligation? factual

What was the allowance for credit losses recorded by Exit for the year ended December 31, 2024? factual

Am I, as an Exit franchisee, restricted from selling real estate services outside of my Protected Territory? factual

Am I required to apply for a Federal Employer Identification Number (EIN) as an Exit franchisee? factual

Am I required to secure business liability and errors & omissions insurance as an Exit franchisee? factual

Who can amend the Exit Logo and Signage Standards? factual

What is the amortization period for the goodwill associated with Legacy Success Group, LLC for Exit? factual

How does Exit amortize leasehold improvements? factual

What was the amount of acquisition of franchise territory right renewals financed with notes payable for Exit franchisees in the year ending December 31, 2022? factual

What was the amount of acquisition of franchise territory right renewals financed with notes payable for Exit franchisees in the year ending December 31, 2024? factual

What was the amount of Exit's advances to EXITus Holdings, Inc. in 2024? factual

What was the amount of the build-out incentive included in the terms of Exit's Lakeville, Minnesota office lease? factual

What was the amount of the claim filed against Exit on December 6, 2016, related to a guarantee on the debt of a former regional owner? factual

Is the amount paid to the Franchise Administrators employed by the Franchisee at Exit uniform across the Exit System? factual

What was the amount of reduction of franchise fees arising from restructuring of related notes payable for Exit franchisees in the year ending December 31, 2022? factual

What was the amount of reduction of franchise fees arising from restructuring of related notes payable for Exit franchisees in the year ending December 31, 2024? factual

Are any of the amounts described in Item 7 of the FDD refundable from Exit? factual

What analysis does Exit perform at year-end to determine if digital assets are impaired? factual

What is the annual interest rate on the May 16, 2020 note for Exit franchisees? factual

What is the annual interest rate applied to the note for an Exit franchise? factual

What is the annual membership fee charged per associate for an Exit franchise? factual

When is the annual membership fee due for Exit Associates after the first year? factual

When is the annual membership fee due for Exit Sales Representatives? factual

Is the Exit annual membership fee refundable? factual

When are annual membership fees recognized by Exit, and what happens to the portion relating to the subsequent fiscal year? factual

What is Exit's approach to technology tools for real estate agents? factual

What approach did Exit use when adopting the CECL standard? factual

What approvals are required for an Exit franchisee's exterior sign before construction? factual

Who must approve the design specifications for an Exit franchisee's exterior sign? factual

Is Exit the only approved supplier for the MEMO computer software used in the Exit Franchise report system? factual

Does an Exit Approved Supplier need to sign an agreement? factual

What is the approximate future minimum lease payment for Exit's ROU assets in 2025? factual

What was the approximate operating lease cost recognized by Exit during the year ended December 31, 2022? factual

What was the approximate operating lease cost recognized by Exit during the year ended December 31, 2023? factual

What was the approximate operating lease cost recognized by Exit during the year ended December 31, 2024? factual

What is the area code for the Department of Business Regulation, Securities Division, the State Administrator for Exit in Rhode Island? factual

What is the area code for the North Dakota Securities Department, the State Administrator for Exit? factual

What is the area code for the Oregon Department of Consumer and Business Services, the State Administrator for Exit? factual

What is the area code for the South Dakota Division of Insurance, Securities Regulation, the State Administrator for Exit? factual

What is the area code for the State Corporation Commission, Division of Securities and Retail Franchising, the State Administrator for Exit? factual

What is the area code for the Washington Department of Financial Institutions, Securities Division, the State Administrator for Exit? factual

What is the area code for the Wisconsin Department of Financial Institutions, Securities and Franchise Registration, Wisconsin Securities Commission, the State Administrator for Exit? factual

What aspects of teams are covered in Section 9 of Exit Realty's policies? factual

Does Exit assign any monetary value to a franchisee's activities under the Proprietary Marks upon expiration or termination of the Franchise Agreement? factual

When assigning a Exit subfranchise, is the assignee entity's legal name allowed to contain words similar to EXIT Realty Corp's trademarks? factual

When assigning a Exit subfranchise, can the assignee entity's legal name contain coined words that might detract from the Exit marks? factual

When assigning a Exit subfranchise, what documents related to the assignee must be provided to the Subfranchisor? factual

When assigning a Exit subfranchise, what type of approval regarding the assignee is required from the Subfranchisor? factual

How does Exit assist agents in branding themselves and marketing their brand to the community? factual

As an Exit associate, what agreement is made regarding the Policies and Procedures Manual? factual

As an Exit associate, what types of emails will I receive from Exit Realty Corp. International? factual

For Exit Associates who join after October 1st, how long does the 10% Sponsoring Bonus eligibility continue? factual

Can Exit associates pay their Annual Membership fee online directly? factual

Can Exit Associates pay their annual membership fee online, and if so, what payment methods are accepted? factual

Can Exit associates pay their Annual Membership online, and if so, what payment methods are accepted? factual

For Exit Associates who are not Sales Representatives, what two conditions define the Effective Date? factual

Who assumes the Exit Subfranchisor's obligations under the Agreement if the Subfranchisor's interest expires or is terminated by Exit? factual

What assumption has been made in the preparation of Exit's consolidated financial statements? factual

When must attendance be at the next scheduled training following the execution of the Franchise Agreement with Exit? factual

During an audit for Exit, what should be concluded regarding the ability of Upper Midwest Realty, Inc. to continue as a going concern? factual

Does the audit express an opinion on the effectiveness of Exit Realty Corp. International's internal control? factual

During an audit for Exit, what level of professional judgment should be exercised? factual

What does the audit procedure include regarding the amounts and disclosures in Exit Realty Corp. International's financial statements? factual

Who audited Exit's consolidated financial statements as of December 31, 2023 and 2022? factual

When auditing Exit, what should be evaluated regarding accounting policies? factual

When auditing Exit, is the purpose to express an opinion on the effectiveness of Upper Midwest Realty, Inc.'s internal control? factual

When auditing Exit Realty Corp. International, what risks should be identified and assessed? factual

When auditing Exit Realty Corp. International's financial statements, what type of judgment should be exercised? factual

What auditing standards were the audits of Exit Realty Corp. International conducted in accordance with? factual

When auditing Exit, what type of evidence should be examined regarding amounts and disclosures in the financial statements? factual

When auditing Exit, what types of risks related to financial statements should be identified and assessed? factual

Who is the auditor for Exit's financial statements? factual

What is the auditor required to communicate to those charged with governance regarding the audit of Exit? factual

What must auditors conclude regarding Exit Realty Corp. International's ability to continue as a going concern? factual

What must auditors evaluate regarding accounting policies used by Exit Realty Corp. International? factual

What is the auditor's objective regarding Exit Realty Corp. International's financial statements? factual

With whom are auditors required to communicate regarding the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility concerning Exit's ability to continue as a going concern? factual

What is the auditor's responsibility regarding the appropriateness of accounting policies used by Exit Realty Corp. International? factual

What is the auditor's responsibility regarding certain internal control related matters identified during the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the communication with those charged with governance regarding the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the design of audit procedures that are appropriate in the circumstances for Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the design of audit procedures for Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the design and performance of audit procedures responsive to the risks of material misstatement of Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding the evaluation of the appropriateness of accounting policies used by Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the evaluation of the overall presentation of Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding the evaluation of the reasonableness of significant accounting estimates made by Exit Realty Corp. International's management? factual

What is the auditor's responsibility regarding evidence related to amounts in Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding evidence related to disclosures in Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding the examination of evidence on a test basis regarding the amounts in Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding the examination of evidence on a test basis regarding the disclosures in Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding the exercise of professional judgment throughout the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the identification and assessment of the risks of material misstatement of Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding identifying and assessing risks of material misstatement of Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding independence from Exit Realty Corp. International? factual

What is the auditor's responsibility regarding internal control related to the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding Exit's internal controls? factual

What is the auditor's responsibility regarding the maintenance of professional skepticism throughout the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the overall presentation of Exit Realty Corp. International's financial statements? factual

What is the auditor's responsibility regarding the planned scope of the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the planned scope and timing of the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the reasonableness of significant accounting estimates made by Exit Realty Corp. International's management? factual

What is the auditor's responsibility regarding significant audit findings related to Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the timing of the audit of Exit Realty Corp. International? factual

What is the auditor's responsibility regarding the understanding of internal control relevant to the audit of Exit Realty Corp. International? factual

What authorization must the assignee entity have in the state where the Exit Protected Territory is located? factual

Does Exit authorize its employees or representatives to make financial performance representations orally? factual

Does Exit authorize its employees or representatives to make financial performance representations in writing? factual

What is the authorized limit of Exit's bank revolving demand facility in Canadian dollars? factual

Who is authorized to receive service of process for Exit? factual

How are Exit's available-for-sale securities measured? factual

For awards recognition purposes, what must an Exit Franchise Sponsor do when they are designated as the Sponsor for a Recruit? factual

For Exit awards recognition purposes only, what must the Franchise Sponsor do when they are designated as the Sponsor for a Recruit? factual

Is Exit's bank credit facility subject to any financial covenants? factual

Is any bankruptcy information required to be disclosed for Exit Realty Corp. International in Item 4 of the FDD? factual

Is any bankruptcy information required to be disclosed for Exit Realty Upper Midwest in Item 4 of the FDD? factual

On what basis of accounting are Exit's consolidated financial statements prepared? factual

What is the basis for determining the number of Sales Representatives to be maintained by an Exit franchisee? factual

Who bears the costs of prosecuting infringements of the Proprietary Marks for Exit? factual

Who bears the costs of prosecuting infringements of the Proprietary Marks for Exit, if the Subfranchisor undertakes the prosecution? factual

Who bears the expense if the Subfranchisor makes changes to distinguish a former Exit franchise after termination? factual

When did Exit begin amortizing the goodwill associated with Legacy Success Group, LLC? factual

When does Exit begin charging interest on past due amounts, and at what rate? factual

What is Exit's belief regarding the combination of actions taken and the projected decrease in interest rates? factual

What is Exit's belief regarding the relationship between the success of individual agents and the team? factual

What does Exit believe is better than 'more' when building real estate agents? factual

What does Exit believe will generate prosperity for everyone within the organization? factual

For the Exit Beneficiary Program, what documentation is required for beneficiary designation? factual

What benefits are Exit Associates not eligible for if they don't pay the annual membership? factual

What benefits are Exit Associates not eligible for if they do not pay the annual membership fee? factual

Besides the annual financial statements, what other types of reports might Exit or the Subfranchisor request from the Exit franchisee? factual

Besides attorney's fees, what other costs is a Exit Sales Representative responsible for if Exit employs an attorney to enforce the agreement? factual

Besides brand identification, what else does the Exit System include? factual

Besides complying with the terms of the Exit franchise agreement, what specific provision must an Exit franchisee comply with to maintain the protected status of their territory? factual

Besides curing defaults, what financial obligations must an Exit franchisee fulfill to transfer the franchise? factual

Besides failing to comply with the Franchise Agreement or failing to maintain the required number of sales representatives, are there any other circumstances that permit Exit Realty Upper Midwest to modify an Exit franchisee's territorial rights? factual

Besides the Exit franchisee, who else is responsible for ensuring accurate transaction reporting in MEMO? factual

Besides the initial fee, what other fees must an Exit franchisee pay during the term of the agreement, including extensions or renewals? factual

Besides Exit itself, which other entities are released from prior claims by the franchisee when executing the Exit franchise agreement? factual

Besides the MEMO system license, are Exit Realty or its affiliates considered approved suppliers? factual

Besides owning and operating the Exit real estate service business, what other business endeavors can the assignee entity be engaged in? factual

Besides the real estate broker license, are there other restrictions on what an Exit franchisee may sell? factual

Besides Exit Realty Upper Midwest, who else should I report unauthorized financial performance information to? factual

Besides states with franchise laws, what other types of laws might require registration, filing, or exemption of an Exit franchise? factual

Besides the Subfranchisor, who else must be named as an additional insured on the Exit franchisee's insurance policy? factual

Besides termination, what other actions can the Exit Subfranchisor take if the Franchisee fails to correct a breach? factual

Besides termination, what other rights does the Exit Subfranchisor have if the Franchisee fails to correct a breach? factual

From whom did Bill Pankonin acquire the rights to sell Exit franchises in Illinois, and when did this occur? factual

When did Bill Pankonin acquire the Exit subfranchise rights to Michigan? factual

When did Bill Pankonin acquire the Exit subfranchise rights to Wisconsin? factual

When did Bill Pankonin become the Regional President – Upper Midwest for Exit Realty Corp. International? factual

What books, records, and procedures of an Exit franchise are subject to inspection and audit by Exit and the Subfranchisor? factual

Who is bound by the post-term covenants in the Exit Agreement? factual

What is Exit Brokerage Name's primary goal according to the mission statement? factual

What should Exit's brokerage vision statement paint a picture of for the team? factual

Can the Broker's Council establish membership fees and other charges for Exit franchisees? factual

In the *Bruce Evans v. Christy Dwyer* case, what was the outcome of the claim against Exit Realty Corp. International? factual

In the *Bruce Evans v. Christy Dwyer* case, is Exit Realty Corp. International still pursuing indemnity claims, and against whom? factual

What has Exit built its reputation on? factual

What business endeavor is the assignee entity restricted to when operating an Exit franchise? factual

What is Cade W. Pankonin's role within Upper Midwest Realty, Inc. for the Exit franchise? factual

How does Exit calculate figures precisely, according to the FDD? factual

How does Exit calculate the gain to be recognized upon the sale of digital assets? factual

How does Exit calculate the Transaction Fee for each installment of a commission paid in installments? factual

Who is the California State Administrator for Exit? factual

When did the cancelable sublease agreement for Exit that began on June 14, 2023, get cancelled? factual

When does the cancelable sublease agreement for Exit that began on September 1, 2024, expire? factual

What is the cancellation fee if an Exit franchisee cancels their training attendance with 10 days or less notice? factual

What is the cancellation fee if an Exit franchisee cancels their training attendance with less than 30 days' notice? factual

What is the cancellation fee for the Exit training course if a franchisee cancels with 10 days' notice or less? factual

What is the cancellation fee for the Exit training course if a franchisee cancels with less than 30 days' notice, but more than 10 days' notice? factual

In the case of *71353 Newfoundland & Labrador Inc. and Baushape Design, Inc. v. EXIT Realty Corp. International*, what is the total amount of damages the plaintiff claims Exit owes? factual

In the case of *71353 Newfoundland & Labrador Inc. and Baushape Design, Inc. v. EXIT Realty Corp. International*, what amount is Exit Realty Corp. International seeking in its counterclaim? factual

In the case of *71353 Newfoundland & Labrador Inc. and Baushape Design, Inc. v. EXIT Realty Corp. International*, what amount of damages did the plaintiff claim Exit breached a contract for? factual

In the case of *71353 Newfoundland & Labrador Inc. and Baushape Design, Inc. v. EXIT Realty Corp. International*, what amount did the plaintiff claim Exit owed pursuant to a Guarantee? factual

In the case of *71353 Newfoundland & Labrador Inc. and Baushape Design, Inc. v. EXIT Realty Corp. International*, what amount did EXIT Realty Corp. International counterclaim for? factual

In the case of *71353 Newfoundland & Labrador Inc. and Baushape Design, Inc. v. EXIT Realty Corp. International*, what is the status of the case? factual

In the case of *Bruce Evans v. Christy Dwyer*, what amount of commissions was the plaintiff claiming was due from the Exit Realty Lake Country franchisee? factual

In the case of *Bruce Evans v. Christy Dwyer*, what was the original amount of commissions that the plaintiff alleged was due from the Exit Realty Lake Country franchisee? factual

In the case of *Don Gibson, et al., v. National Association of Realtors, et al.*, what is the current status of Exit's involvement in the case? factual

In the case of *Don Gibson, et al., v. National Association of Realtors, et al.*, what are the plaintiffs alleging against Exit and other defendants? factual

In the case of *Don Gibson, et al., v. National Association of Realtors, et al.*, what relief are the plaintiffs requesting from Exit and other defendants? factual

In the case of *Gregory Wallerstein v. EXIT Realty Corp. International*, what is the current status of Exit's involvement in the case? factual

In the case of *Gregory Wallerstein v. EXIT Realty Corp. International*, what is the plaintiff alleging against Exit? factual

In the case of *Gregory Wallerstein v. EXIT Realty Corp. International*, what type of action is the plaintiff seeking to certify? factual

In the case of *Kevin McFall v. Canadian Real Estate Association et. al.*, what is the