What are the first steps I need to take during pre-onboarding with Exit?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | HOW TO USE THIS MANUAL | 6 |
|---|---|---|
| 2. | WELCOME TO EXIT REALTY | 7 |
| 2.1. Steve Morris, Founder and Chairman | 8 | |
| 2.2. Tami Bonnell, Co-Chair | 9 | |
| 2.3. Erika Gileo, COO | 10 | |
| 2.4. Joyce Paron, CEO, Canadian Organization | 11 | |
| 2.5. Craig Witt, CEO, US Organization | 12 | |
| 2.6. Company Profiles | 13 | |
| 3. | PRE-ONBOARDING | 24 |
| 3.1. MEET YOUR TEAM | 25 | |
| 3.1.1. Corporate Records | 26 | |
| 3.1.2. Franchise Support | 27 | |
| 3.1.3. Broker Services | 28 | |
| 3.1.4. Strategic Partnerships | 29 | |
| 3.2. EXIT'S SOCIAL ACCOUNTS | 30 | |
| 3.3. FIRST STEPS | 31 | |
| 3.3.1. Conversion Offices | 32 | |
| 3.3.2. Determine Legal Structure and Set Up Your Company | ||
| 3.3.3. Select Your Trade Name | 34 | |
| 3.3.4. Complete Change of Brokerage Information Form, If Required | 35 | |
| 3.3.5. Reserve Your Domain Name(s) | 36 | |
| 3.3.6. Assign Franchise to Entity if Necessary | 37 | |
| 3.3.7. Secure Business Liability and Errors & Omissions Insurance | 38 | |
| 3.3.8. Procedures for Maintaining Insurance Certificates for a Franchise | 39 | |
| 3.3.9. Apply for a Federal Employer Identification Number (EIN) | 41 | |
| 3.3.10. Complete and Submit All Other Necessary Documentation | 42 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the initial steps during pre-onboarding involve several key actions. These include addressing conversion offices, determining your legal structure and setting up your company, and selecting your trade name. Additionally, you'll need to complete a Change of Brokerage Information Form if required, reserve your domain name(s), and assign the franchise to an entity if necessary.
Securing business liability and errors and omissions insurance is another crucial step, along with understanding the procedures for maintaining insurance certificates for your franchise. Finally, you'll need to apply for a Federal Employer Identification Number (EIN) and complete and submit all other necessary documentation.
These pre-onboarding steps are designed to ensure that new Exit franchisees establish a solid legal and operational foundation before fully launching their business. Completing these steps thoroughly and in the correct order is essential for a smooth transition and to avoid potential complications down the line. Prospective franchisees should carefully review each requirement and seek guidance from Exit's support team to ensure compliance.