What does Exit invite those associated with the company to submit?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- c) An EXIT Associate may "retire" from the real estate business entirely and continue to receive Sponsoring Bonuses by signing an Affidavit stating that they will not work in any capacity for a competing real estate company.
The EXIT Associate will continue to be affiliated with EXIT under the umbrella of the Franchise or Subfranchise that formerly held the EXIT Associate's license or contract, with the approval of the Franchisee or Subfranchise.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
Based on the 2025 FDD, Exit invites associates who wish to retire from the real estate business to submit an affidavit. According to the FDD, an Exit Associate may retire from the real estate business entirely and continue to receive Sponsoring Bonuses by signing an Affidavit stating that they will not work in any capacity for a competing real estate company.
This affidavit ensures that the retiring associate is not working for a competitor while still receiving benefits from Exit's sponsoring system. The Exit Associate will continue to be affiliated with Exit under the umbrella of the Franchise or Subfranchise that formerly held the Exit Associate's license or contract, with the approval of the Franchisee or Subfranchise.
This policy allows Exit to maintain a relationship with former associates and continue to benefit from their past contributions through the sponsoring program, while protecting its interests by preventing those associates from working for competing firms. For a prospective franchisee, this highlights the importance of understanding the terms and conditions of the sponsoring bonus program, especially regarding retirement and non-compete obligations.