Where in the Exit FDD can I find information about Associate Profiles?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
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, information regarding the Exit Associate Profile can be found in Section 9.f) of the Exit Formula, as referenced in Item 23, Schedule 1 and Schedule 2. Specifically, the completion of the Exit Associate Profile is a prerequisite for determining the effective date for both Sales Representatives and other Exit Associates. For Sales Representatives, the effective date is determined when their license is transferred, a Sales Representative's Agreement is executed and approved by Exit, and the 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.
Furthermore, the completion of the Associate Profile is essential for Exit Associates to receive their remuneration package. Until the contract is signed, the real estate license is transferred (if applicable), and the Associate Profile is completed, Exit Associates are prohibited from using the Exit trade name or any proprietary marks of Exit on business cards, signage, or in any published media.
In practical terms, this means that a prospective Exit franchisee needs to ensure that all new associates, whether sales representatives or other personnel, complete their Exit Associate Profile promptly. This completion is not just a formality but a necessary step to ensure that associates are properly integrated into the Exit system, are eligible for compensation, and are authorized to represent the Exit brand. Failure to comply with these requirements could result in delays in compensation and potential misuse of the Exit trade name, which could have legal and financial implications.