On what date did the EXIT Results Realty franchise with ID MD580 terminate?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 13-Sep-24 | FL905 | Casey Doran Heatherly | EXIT Realty Partners | 561 567 3333 | 4 S.E 6th Avenue Delray Beach, FL 33483 | Default |
|---|---|---|---|---|---|---|
| 13-Sep-24 | FL897 | Casey Doran Heatherly | EXIT Realty Partners | 561 567 3333 | 4 S.E 6th Avenue Delray Beach, FL 33483 | Default |
| 13-Sep-24 | KY535 | George Green Julie Green | EXIT Realty Green & Associates | 502 806 3948 | 8607 Smyrna Pkwy Unit 108 Louisville, KY 40228 | Default |
| 19-Sep-24 | MD549 | Tina Hyatt Jim Hyatt Jr. | EXIT Results Realty | 410 705 6295 | 5517 Oregon Ave Arbutus, MD 21227 | Mutual Release |
| 19-Sep-24 | MD580 | Tina Hyatt Jim Hyatt Jr. | EXIT Results Realty | 443 588 5062 | 3905 Mountain Rd., Suite A Pasadena, MD 21122 | Mutual Release |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the EXIT Results Realty franchise with ID MD580 terminated on September 19, 2024. The reason for termination is listed as 'Mutual Release'.
This information is relevant to prospective franchisees as it provides insight into franchise terminations within the Exit system. A 'Mutual Release' suggests that both Exit and the franchisee agreed to end the franchise agreement, which could be due to various reasons such as unmet expectations, changes in business strategy, or other unforeseen circumstances.
It is important for potential franchisees to understand the reasons behind franchise terminations, as they can indicate potential challenges or areas of concern within the franchise system. While a mutual release is generally less concerning than a termination due to default or expiration, it still warrants further investigation to understand the specific circumstances that led to the agreement. Prospective franchisees should inquire with Exit about the common reasons for mutual releases and assess whether these factors could impact their own franchise operations.