According to Exit's 2025 Franchise Disclosure Document, Item 4 addresses bankruptcy information for both the subfranchisor, EXIT Realty Upper Midwest, and the franchisor, EXIT Realty Corp. International. The document explicitly states that no bankruptcy information is required to be disclosed for either entity in this particular item. This means that, at least according to this FDD, neither the franchisor nor the subfranchisor has a history of bankruptcy that requires disclosure.

For a prospective franchisee, this is a positive sign. Bankruptcy filings can indicate financial instability or mismanagement within a company. The absence of such disclosures suggests that both EXIT Realty Corp. International and EXIT Realty Upper Midwest are currently in stable financial condition.

However, it is important to note that this statement is limited to the disclosure requirements of Item 4. A potential franchisee should still conduct their own due diligence, which may include consulting with financial advisors, legal counsel, and existing franchisees, to gain a comprehensive understanding of the financial health and stability of Exit and its subfranchisor. While the FDD provides valuable information, it should not be the sole basis for making a franchise investment decision.