What was the reason for termination of Daniel Shoemaker III's EXIT on the Bay Realty franchise (MD574)?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
| 13-Sep-24 | FL905 | Casey Doran Heatherly | EXIT Realty Partners | 561 567 3333 | 4 S.E 6th Avenue Delray Beach, FL 33483 | Default |
|---|---|---|---|---|---|---|
| 13-Sep-24 | FL897 | Casey Doran Heatherly | EXIT Realty Partners | 561 567 3333 | 4 S.E 6th Avenue Delray Beach, FL 33483 | Default |
| 13-Sep-24 | KY535 | George Green Julie Green | EXIT Realty Green & Associates | 502 806 3948 | 8607 Smyrna Pkwy Unit 108 Louisville, KY 40228 | Default |
| 19-Sep-24 | MD549 | Tina Hyatt Jim Hyatt Jr. | EXIT Results Realty | 410 705 6295 | 5517 Oregon Ave Arbutus, MD 21227 | Mutual Release |
| 19-Sep-24 | MD580 | Tina Hyatt Jim Hyatt Jr. | EXIT Results Realty | 443 588 5062 | 3905 Mountain Rd., Suite A Pasadena, MD 21122 | Mutual Release |
| 27-Oct-24 | TN631 | Sandra Kay Brewer | EXIT Realty Brewer and Co | 931 433 2633 | 117 Main Avenue Fayetteville, TN 37334 | Expired |
| 31-Oct-24 | AB588 | Angela Ford-McKinnon Jim McKinnon | EXIT Key Realty | 780 845 0505 | 602 10th St. Wainwright, AB T9W 1E2 | Mutual Release |
| 25-Oct-24 | FL931 | Sebastian Manes Michelle Manes | EXIT Real Estate Results | 407 788 6474 | 125 W. Pineview St Suite 1009 Altamonte Springs, FL 32714 | Mutual Release |
| 31-Oct-24 | FL929 | Vincent Esposito | EXIT Realty Ocala | 352 300 3200 | 8530 SW 103rd St. Suite C Ocala, FL 34481 | Mutual Release |
| 15-Nov-24 | MD551 | Tina Hyatt Jim Hyatt Jr. | EXIT Results Realty | 410 705 6296 | 6020 Meadowridge Center Dr. Suite M Elkridge, MD 21075 | Mutual Release |
| 19-Nov-24 | CA670 | Margaret Vierra | EXIT Realty Keystone | 408 778 9990 | 22076 Gilmore Ranch Rd Red Bluff, CA 96080 | Expired |
| 19-Nov-24 | TX625 | Billy Barrows Maria Rojas | EXIT Realty Central | 915 702 0158 | 5724 Trowbridge El Paso, TX 79925 | Expired |
| 26-Aug-24 | NB607 | Marcella Poitras | EXIT Realty Elite | 506 737 7377 | 30 A Rue de l'Église Edmundston, NB E3V 1J2 | Mutual Release |
| 19-Nov-24 | MS511 | Sherry Pullens Brandy Tharpe | EXIT Southern Realty | 601 909 6940 | 59 98th Place Blvd. Hattiesburg, MS 39402 | Mutual Release |
| 2-Oct-24 | FL813 | Robert Nass | EXIT Realty Home Team | 386 734 2595 | 905 Biscayne Blvd. Deland, FL 32724 | Mutual Release |
| 6-Dec-24 | FL925 | Michelle Manes Sebastian Manes | EXIT Real Estate Results | 561 781 5590 | 636 US Hwy One Suite 208 North Palm Beach, FL 33408 | Default |
| 6-Dec-24 | FL934 | Michelle Manes Sebastian Manes | EXIT Real Estate Results | 561 781 5590 | 745 US Hwy Suite 102 North Palm Beach, FL 33408 | Default |
| 5-Dec-24 | KY549 | Robert & Angela Hildebrandt | EXIT Realty Heritage | 512 970 8417 | 5893 New Jackson Hwy Hodgenville, KY 42748 | Default |
| 5-Dec-24 | KY550 | Robert Hildebrandt Angela Hildebrandt | EXIT Realty Heritage | 512 970 8417 | 5893 New Jackson Hwy Hodgenville, KY 42748 | Default |
| 9-Dec-24 | CT515 | Steve Alkandros | EXIT New England Realty Advisors | 888-456-3948 | 470 Bank Street Suite 201 New London, CT 06320 | Default |
| 16-Dec-24 | FL903 | Joanne and Victor DeFrisco | EXIT Realty Premier Elite | 561 792 3948 | 8961 Hypoluxo Rd Lake Worth, FL 33467 | Expired |
| 9-Dec-24 | MD574 | Daniel Shoemaker III | EXIT on the Bay Realty | 410 304 2011 | 1539 Postal Rd #68 Chester, MD 21619 | Expired |
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the EXIT on the Bay Realty franchise, identified by code MD574 and operated by Daniel Shoemaker III, had its franchise agreement expire. This means that the franchise agreement reached the end of its term and was not renewed by either party.
For a prospective Exit franchisee, this highlights the importance of understanding the initial term of the franchise agreement and the conditions for renewal. Franchisees should consider whether the term aligns with their long-term business goals and investment horizon. It is also important to understand the renewal process, including any fees, required upgrades, or performance criteria that must be met to qualify for a renewal.
It is also important to note that franchise agreements can end for a variety of reasons, including default or mutual release. In this case, the franchise simply expired, suggesting that the relationship ended without conflict or unresolved issues. However, prospective franchisees should carefully review Item 17 of the FDD to understand all the circumstances under which the franchise agreement can be terminated.