What is the effective date for the Exit franchise in Wisconsin?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
SCHEDULE 1
THE EXIT FORMULA
THE EXIT FORMULA
(U.S. Revision Effective-03.23.25)
1. Franchisor
EXIT Realty Corp. International ("EXIT") is the Franchisor. EXIT provides strategic oversight and support of all EXIT Subfranchises and Franchises with regard to the establishment, maintenance and updates of all policies, procedures, standards, and business insight of EXIT. EXIT is not a real estate brokerage and does not belong to any real estate board.
2. Sales Representatives and EXIT Associates
Sales Representatives mean all licensed real estate salespersons and brokers performing services as an employee or independent contractor for an EXIT Franchise.
EXIT Associates mean all Subfranchisors, Franchisees, and Sales Representatives, as well as all non-licensed persons under written contract with a Franchise, Subfranchise or EXIT who have met the requirements outlined in section 9.d), below.
It is important that all EXIT Associates who maintain multiple roles within the EXIT System identify the role which represents their "primary" role, as described in Section 9.q) below, on appropriate EXIT documentation.
3. Effective Date
The Effective Date for Sales Representatives is defined as the date that (1) the Sales Representative's license is formally transferred under Franchise's Real Estate Broker's License, (2) the Sales Representative has executed a Sales Representative's Agreement which has been approved by EXIT, and (3) the EXIT Associate Profile (described in Section 9.f)) below) has been completed.
The Effective Date for all other EXIT Associates is defined as the date that (1) a written contract is executed with a Franchise, Subfranchise or EXIT, and (2) execution of the online EXIT Associate Profile.
The signing of the contract, the transfer of the real estate license and completion of the Associate Profile (see Section 9.f) below) are prerequisites to generate the remuneration package outlined in this document. EXIT Associates may not make use of the EXIT trade name or any other proprietary marks of EXIT, on business cards, signage or in any published media until these prerequisites have been met.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the effective date for the U.S. revision of the Exit Formula, which impacts franchise operations, is March 23, 2025. This date is relevant to the policies, procedures, standards, and business insights that Exit provides to its subfranchises and franchises. The Exit Formula outlines the strategic oversight and support that Exit Realty Corp. International offers to its franchisees.
For Sales Representatives working with an Exit franchise, the effective date is the date when their real estate license is formally transferred to the Franchise's Real Estate Broker's License, they have executed a Sales Representative's Agreement approved by Exit, and their EXIT Associate Profile is completed. For all other Exit Associates, the effective date is the date a written contract is executed with a Franchise, Subfranchise, or Exit, and the online EXIT Associate Profile is completed.
These prerequisites—signing the contract, transferring the real estate license (if applicable), and completing the Associate Profile—must be met before Exit Associates can receive their remuneration package. Furthermore, Exit Associates are prohibited from using the Exit trade name or any proprietary marks on business cards, signage, or in any published media until these conditions are fulfilled. While the document specifies the effective dates for Sales Representatives and other Exit Associates, it does not provide a specific 'effective date' for the Exit franchise in Wisconsin beyond the general U.S. Revision date of March 23, 2025, for the Exit Formula.