As of what dates are the audited financial statements of Exit Realty Upper Midwest included in the Disclosure Document?

According to Exit's 2025 Franchise Disclosure Document, the audited financial statements for Upper Midwest Realty, Inc. d.b.a. Exit Realty Upper Midwest are for the years ending December 31, 2022, December 31, 2023, and December 31, 2024. These statements are attached as Exhibit F to the Disclosure Document.

The inclusion of these audited financial statements allows prospective Exit franchisees to review the financial health and performance of the sub-franchisor over the past three years. This information is crucial for assessing the financial stability and operational efficiency of Exit Realty Upper Midwest.

The independent auditor's report indicates that the financial statements present fairly the financial positions as of December 31, 2024, 2023, and 2022, and the results of operations and cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America. This provides assurance that the financial information has been reviewed by an independent party and conforms to standard accounting practices. Note that certain errors resulting in understatement and overstatement of amounts previously reported for accounts receivables and advertising costs as of December 31, 2023, were discovered and restated.