Where must an Exit franchisee conspicuously display the 'each office independently owned and operated' statement?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- (B) Franchisee shall include the following statement on Franchisee's web page, telephone book advertisements, exterior sign, lawn signs, letterhead, deposit receipt forms, listing agreements and other printed materials: "each office independently owned and operated" or "Independent Member Broker." Franchisee shall conspicuously display the statement on its web page (if any) and at a prominent location at the main entrance of its office.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, franchisees must include the statement "each office independently owned and operated" or "Independent Member Broker" on several materials. These include the franchisee's web page, telephone book advertisements, exterior signs, lawn signs, letterhead, deposit receipt forms, listing agreements, and other printed materials.
Furthermore, the franchisee must conspicuously display this statement on their web page, if they have one. Additionally, the statement must be prominently displayed at the main entrance of the Exit office.
This requirement ensures that customers understand that each Exit office is independently run, which can affect liability and customer service expectations. Franchisees should ensure compliance with these requirements to avoid any issues with Exit.