On what page can I find information about the MEMO technology used by Exit?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 4.6. TECHNOLOGY | . 115 |
|---|---|
| 4.6.1. MEMO | . 116 |
| 4.6.2. EXIT's Resource Center | . 117 |
| 4.6.3. Expert Marketing Suite® | . 118 |
| 4.6.4. Mobile Business Card | . 119 |
| 4.6.5. My Smart Sign | . 120 |
| 4.6.6. EXIT Realty Connect App | . 121 |
| 4.6.7. EXIT Text Codes | . 122 |
| 4.6.8. Office Text Code Marketing | . 124 |
| 4.6.9. EXIT Shoptok | . 125 |
| 4.6.10. IDX Program | . 126 |
| 4.6.11. EXIT Office Website Features | . 127 |
| 4.6.12. EXIT Agent Website Features | . 128 |
| 4.6.13. Set Up Your Complimentary EXIT Website | . 129 |
| 4.6.14. EXIT's Corporate Website | . 130 |
| 4.6.15. EXIT's Career Website | . 131 |
| 4.6.16. EXIT's Workflow Engine | . 132 |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, information regarding the MEMO software program can be found on page 116. Specifically, section 4.6.1 of the training manual covers MEMO. Section 4.6 broadly discusses technology, and subsequent subsections delve into various technological resources offered by Exit, including the Resource Center, Expert Marketing Suite, Mobile Business Card, and more.
Furthermore, the FDD outlines the franchisee's responsibilities regarding the use of the MEMO software. Franchisees are required to promptly and accurately report all Exit Associates into the MEMO system. This includes ensuring that the Exit Associate roster is regularly updated. Reporting should occur when Sales Representatives are registered in the Multiple Listing Service (MLS) system and when non-licensed persons meet the qualification requirements outlined in the Exit Formula.
In addition to reporting Exit Associates, franchisees must also accurately report all transactions on which they or their agents receive commission to both the Subfranchisor and Exit. This includes rentals, leases, and sales of various types of properties. Franchisees must also ensure that all sales representatives accurately report their transactions in MEMO, including those performed through joint sales and marketing groups or teams. Equity holders of the franchisee entity must also ensure their transactions are accurately reported in MEMO and that all applicable fees are paid immediately upon the finalization of each transaction.
This indicates that MEMO is a central software used for managing associate information and transaction reporting within the Exit franchise system. Prospective franchisees should familiarize themselves with these requirements and ensure they have the necessary systems in place to comply with these reporting obligations.