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 states that no bankruptcy information is required to be disclosed for either entity in this particular item.

This means that, as of the FDD's publication, there are no reported bankruptcy filings that meet the disclosure requirements for either EXIT Realty Upper Midwest or EXIT Realty Corp. International. However, this does not guarantee that bankruptcies have never occurred or that they will not occur in the future. It simply means that, based on the criteria for disclosure in Item 4, there is no such information to report.

Prospective franchisees should understand that the absence of bankruptcy disclosures in Item 4 is a snapshot in time. It is advisable to conduct independent research and due diligence to assess the financial health and stability of both the franchisor and subfranchisor. This may include consulting with financial advisors, reviewing independent credit reports, and speaking with current and former franchisees to gather additional insights.