What financial obligations must an Exit franchisee have complied with to be exempt from changing its telephone number after termination?

According to Exit's 2025 Franchise Disclosure Document, an Exit franchisee is generally required to change its telephone number and assign it to the subfranchisor upon termination of the franchise agreement. However, there is an exception to this rule.

Specifically, if the Exit franchisee has complied with all of its financial obligations to both Exit and the subfranchisor, and is not otherwise in default at the time of the agreement's expiration, the franchisee will not be obligated to change its telephone number. This provision offers a potential benefit to franchisees who maintain good financial standing and fulfill their contractual duties throughout the term of the franchise agreement.

This condition highlights the importance of franchisees meeting their financial responsibilities to Exit and the subfranchisor. Failure to do so could result in the added burden of having to change their telephone numbers upon termination, which could disrupt their business operations and customer relationships if they continue in the real estate industry independently.