factual

By what date must an Exit office complete and submit the Administrative Bonus information to Exit to be eligible for Administrative Funds?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

If an office does not have administrative staff, or if the office does not complete and submit the Administrative Bonus information to EXIT by April 30th each year, the Administrative Fund proceeds allocated for the office will be applied to the United States Charitable Fund.

Source: Item 23 — RECEIPT (FDD pages 42–235)

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, an Exit office must complete and submit the Administrative Bonus information to Exit by April 30th of each year to be eligible for Administrative Funds. If an office does not have administrative staff or fails to meet this deadline, the Administrative Fund proceeds allocated for that office will be redirected to the United States Charitable Fund.

The Administrative Fund is used by Exit to provide annual bonuses to the support staff employed by franchisees. However, franchisees and Brokers of Record are not eligible for these bonuses. The amount paid to the Franchise Administrators is determined at the discretion of the Franchise and is consistent across the Exit system.

This policy ensures that administrative staff are rewarded, while also providing a contingency plan for unused funds to benefit the United States Charitable Fund. It is important for prospective franchisees to understand this deadline to ensure their administrative staff can receive the bonus and to be aware that the funds will be diverted to charity if the deadline is missed or if the office lacks eligible staff.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.