What does Exit advise regarding transporting clients in personal vehicles?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- Transportation Precautions: Agents should avoid getting into a client's vehicle and should not transport clients in personal vehicles unless adequately insured, as company policies may not provide coverage.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, agents should avoid transporting clients in personal vehicles unless they have adequate insurance. The document states that company policies may not provide coverage in such situations. This precaution is listed among other safety guidelines for Exit agents, such as meeting new clients in public places, being aware of escape routes when showing properties, and keeping colleagues informed of schedules.
For a prospective Exit franchisee, this means that if they or their agents choose to transport clients, they must ensure they have sufficient personal insurance coverage to protect themselves and their clients. The required insurance includes Automobile Liability Insurance to cover business use of the Sales Representative's vehicle with a minimum of $1,000,000.00 combined single limit of liability; or bodily injury liability insurance having limits of at least $250,000.00 for any one person and $500,000.00 for more than one person arising of out a single accident, or higher amounts as required by state law.
This policy highlights the importance of risk management and personal responsibility within the Exit franchise system. Franchisees and their agents need to be proactive in securing appropriate insurance coverage to mitigate potential liabilities. This is a common practice in the real estate industry, where agents often use their personal vehicles for business purposes, and it underscores the need for agents to protect themselves with adequate insurance.