For Exit referrals, what documentation is required to confirm the referral?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- a) It is recommended that the Commission split for EXIT referrals remain uniform. The standard rate of Commission to be paid for an EXIT listing referral is 40% of the listing Commission received. The standard rate of Commission to be paid for an EXIT buyer referral is 25% of the selling Commission received. All referrals must be confirmed in writing on documentation supplied or approved by EXIT.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, all referrals must be confirmed in writing on documentation supplied or approved by Exit. This means that to properly document a referral within the Exit system, franchisees and sales representatives must use specific forms or documents that Exit provides or has given explicit approval for.
This requirement ensures that Exit maintains a standardized and verifiable record of all referrals made within its network. By mandating the use of approved documentation, Exit can track referral commissions, ensure compliance with company policies, and resolve any disputes that may arise regarding referral payments.
For a prospective Exit franchisee, this implies that they need to be diligent in using the correct paperwork for all referrals. Failure to use the approved documentation could result in delays or non-payment of commissions. It is important to familiarize oneself with the specific forms and procedures that Exit requires for documenting referrals to ensure smooth transactions and compliance with the franchise agreement.