Does the Exit franchise offering utilize a Sales Representative Agreement?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee shall at all times maintain a written Sales Representative Agreement between Franchisee and each of its Sales Representatives; which Agreement shall be in a form approved by Subfranchisor or EXIT. Franchisee shall provide the Subfranchisor and Franchisor with the version of the Sales Representative Agreement that they are using within their office.
Source: Item 22 — CONTRACTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, Exit franchisees are required to have a written Sales Representative Agreement with each of their sales representatives. This agreement must be in a form approved by the subfranchisor or Exit. The franchisee must provide the subfranchisor and franchisor with the version of the Sales Representative Agreement they are using in their office.
This requirement ensures that Exit maintains a consistent standard across all franchise locations regarding the relationship between franchisees and their sales representatives. By mandating an approved agreement, Exit aims to protect its brand and ensure compliance with legal and ethical standards in real estate transactions.
For a prospective Exit franchisee, this means they will need to implement and maintain these agreements, adding an administrative task to their responsibilities. They should review the approved form carefully and ensure they understand its terms and conditions. Additionally, they should keep the subfranchisor and franchisor informed of the specific agreement they are using.