What document must an Exit Associate sign to 'retire' and continue receiving Sponsoring Bonuses?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- c) An EXIT Associate may "retire" from the real estate business entirely and continue to receive Sponsoring Bonuses by signing an Affidavit stating that they will not work in any capacity for a competing real estate company.
The EXIT Associate will continue to be affiliated with EXIT under the umbrella of the Franchise or Subfranchise that formerly held the EXIT Associate's license or contract, with the approval of the Franchisee or Subfranchise.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, an Exit Associate can continue to receive Sponsoring Bonuses even after they 'retire' from the real estate business. To do so, the Exit Associate must sign an Affidavit. This Affidavit confirms that they will not work in any capacity for a competing real estate company.
Upon retirement, the Exit Associate will remain affiliated with Exit. They will be under the umbrella of the Franchise or Subfranchise that previously held their license or contract. This affiliation is subject to the approval of the Franchisee or Subfranchise.
It is important to note that if an Exit Associate becomes 'part-time' or 'retires', the Sponsoring Bonuses they receive will be reduced. The bonus will decrease from 10% to 7% of the gross Commissions generated by the Recruit, with a maximum of $7,000 per Recruit per calendar year, less Sponsoring Bonus Fees. The other 3% will be paid to the 'primary role' Franchise or Subfranchise with whom the Sponsor is under contract or for whom the Sponsor worked at the time of retirement, or to the Subfranchise if the Franchise no longer exists.