Can Exit Realty Upper Midwest modify the fees outlined in the franchise agreement?

Question

Accepted Answer

| l. | EXIT Realty Upper Midwest's approval of transfer by Franchisee              | 18             | EXIT Realty Upper Midwest has the right to approve all transfers but will not unreasonably withhold approval.                                                                                                                                                                                                                                                                |
|----|-----------------------------------------------------------------------------------|----------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| m. | Conditions for EXIT Realty Upper Midwest approval of transfer | 18 | New Franchisee qualifies, transfer fee (10% of the then current initial franchise fee, not to exceed 25% of the Initial Franchise fee paid) paid, purchase agreement approved, training arranged, Assignment signed and current Franchise Agreement signed by new Franchisor or Franchisee (also see the non-competition section below). |
| n. | EXIT Realty Upper Midwest's right of first refusal to acquire your business | Not Applicable |  |
| o. | EXIT Realty Upper Midwest's option to purchase your business | Not Applicable |  |
| p. | Your death or disability | 16 | Treated as a non-curable breach. See Section 18.4 for transferability provisions. |
| q. | Non-competition covenants during the term of the Franchise | 21 | Subject to state law, no involvement in competing business without Subfranchisor's prior written consent. |
| r. | Non-competition covenants after the Franchise is terminated or expires. | 21 | Subject to state law, no competing business similar to EXIT for 1 year within the area licensed by us from EXIT. |
| s. | Modification of the Agreement | 28 | Fees are subject to change by Franchisor. The Manuals are subject to change. |

Source: Item 17 — RENEWAL, TERMINATION, TRANSFER AND DISPUTE RESOLUTION (FDD pages 27–31)

Can Exit Realty Upper Midwest modify the fees outlined in the franchise agreement?

Answer from 2025 FDD Document

What This Means (2025 FDD)

l.	EXIT Realty Upper Midwest's approval of transfer by Franchisee	18	EXIT Realty Upper Midwest has the right to approve all transfers but will not unreasonably withhold approval.
m.	Conditions for EXIT Realty Upper Midwest approval of transfer	18	New Franchisee qualifies, transfer fee (10% of the then current initial franchise fee, not to exceed 25% of the Initial Franchise fee paid) paid, purchase agreement approved, training arranged, Assignment signed and current Franchise Agreement signed by new Franchisor or Franchisee (also see the non-competition section below).
n.	EXIT Realty Upper Midwest's right of first refusal to acquire your business	Not Applicable
o.	EXIT Realty Upper Midwest's option to purchase your business	Not Applicable
p.	Your death or disability	16	Treated as a non-curable breach. See Section 18.4 for transferability provisions.
q.	Non-competition covenants during the term of the Franchise	21	Subject to state law, no involvement in competing business without Subfranchisor's prior written consent.
r.	Non-competition covenants after the Franchise is terminated or expires.	21	Subject to state law, no competing business similar to EXIT for 1 year within the area licensed by us from EXIT.
s.	Modification of the Agreement	28	Fees are subject to change by Franchisor. The Manuals are subject to change.