Does Exit own or operate real estate sales offices?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
on.
EXIT has never owned nor operated real estate sales offices. EXIT sells subfranchises and franchises. Neither EXIT nor any of its Affiliates have offered franchises for any other types of business than those described above. As described in ITEM 8 of this Disclosure Document, EXIT licenses a proprietary software, known as MEMO, to Franchisees for $250.00 per month. The software license is mandatory. No Affiliates of EXIT or EXIT Realty Upper Midwest provide other products or services that it sells or licenses to Franchis
Source: Item 1 — THE FRANCHISOR AND SUBFRANCHISOR, AND ANY PARENTS, PREDECESSORS AND AFFILIATES (FDD pages 6–8)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, Exit does not own or operate real estate sales offices. Instead, Exit focuses on selling subfranchises and franchises to independent operators. This means that prospective Exit franchisees will be operating their own independently owned and operated real estate brokerage offices, utilizing Exit's trademarks and systems.
This arrangement is common in the real estate franchise industry, where franchisors often focus on brand development, training, and support services, while franchisees manage the day-to-day operations of their individual offices. Exit provides its franchisees with a comprehensive system, including training programs, manuals, and advertising materials, to help them compete effectively in the real estate market.
It is important for potential franchisees to understand that they will be responsible for hiring and recruiting real estate sales representatives and for complying with all applicable federal, state, and local laws and regulations related to real estate brokerage. Exit Realty Upper Midwest, the subfranchisor, recommends that franchisees retain an attorney to advise them on these legal requirements. Franchisees are also required to possess a valid real estate broker's license in the state where their franchise is located.