How often is Exit's initial training program offered?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
of these instructors in the field is relevant to the subject taught and our operations is 8 years.
Currently, initial training programs are conducted a minimum of twice annually. The training program runs for 5 full days and covers each of the subjects listed in the Table of Contents of the Training Course Manuals. Training times and instructors for each subject vary from program to program.
You must pay the travel, lodging, meals and incidental expenses of those attending the initial training program. Training is presently conducted at EXIT's Mississauga, Ontario headquarters, Atlanta, Georgia and/or online. It may also be conducted at a location selected by EXIT Realty Upper Midwest. See Franchise Agreement, Article 9. EXIT charges you $500, if you sign up and fail to attend the training or if you cancel on less than 30 days' notice. If you cancel in less than 10 days EXIT charges you $1,000. At the option of EXIT, some or all of the training may be online.
You and any individual who will serve as the administrator of your Franchise office must attend and complete the initial training program to EXIT Realty Upper Midwest and EXIT's satisfaction. Attendance must be at the next scheduled training following your execution of the Franchise Agreement. In addition, within 60 days after completion of the initial training, you must complete and attend the 1-day training course conducted by EXIT Realty Upper Midwest (if offered) at a location within the State of Iowa. There are no charges for the Iowa [insert your state] course or the materials. However, you are responsible for your own lodging, meals and incidental expenses. At the option of EXIT, some or all of the training may be online.
EXIT currently offers an Advanced Broker Course known as the Master Broker Summit. The prerequisite to attending this course is that the Franchisee must have first attended the Franchise Management Training Course. It is recommended that this Advanced Broker Course be attended at least once during the five-year term of the Franchise Agreement
Source: Item 11 — FRANCHISOR'S AND SUBFRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 19–24)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the initial training programs are conducted a minimum of twice annually. The training program spans five full days and encompasses all subjects listed in the Training Course Manuals' Table of Contents. The specific training times and instructors may vary for each program.
Prospective Exit franchisees should note that attendance at the next scheduled training following the execution of the Franchise Agreement is mandatory for both the franchisee and any individual who will administer the franchise office. Additionally, within 60 days of completing the initial training, franchisees must attend a 1-day training course conducted by EXIT Realty Upper Midwest, if offered within the State of Iowa.
Exit also offers an Advanced Broker Course known as the Master Broker Summit, which franchisees are recommended to attend at least once during the five-year term of the Franchise Agreement. Additional training is required if the Franchise Agreement is renewed. Franchisees are responsible for covering their own travel, lodging, meals, and incidental expenses for all training programs. Failure to attend the initial training program after signing up, or canceling with less than 30 days' notice, incurs a $500 charge, while canceling with less than 10 days' notice results in a $1,000 charge.