factual

What is the significance of the date on the Exit Realty Corp. Franchise Agreement?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

SCHEDULE 1

THE EXIT FORMULA

THE EXIT FORMULA

(U.S. Revision Effective-03.23.25)

Source: Item 23 — RECEIPT (FDD pages 42–235)

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, the "EXIT Formula" has a U.S. revision effective date of March 23, 2025. This date signifies when the latest updates or revisions to the EXIT Formula were implemented within the Exit franchise system in the United States. The EXIT Formula includes details of the remuneration plan for sales representatives.

For a prospective franchisee, this date is important because it indicates that the terms and conditions outlined in the current version of the EXIT Formula are applicable from March 23, 2025, forward. This includes the policies, procedures, standards, and business insights that Exit Realty Corp. International provides to its subfranchises and franchises. Franchisees should ensure they are familiar with the most current version of the EXIT Formula to understand their obligations and benefits within the Exit system.

It is also important to note that the effective date applies to the "EXIT Formula" specifically, which includes the remuneration plan for sales representatives, as described in the franchise agreement. Franchisees should confirm that they have a clear understanding of how this date impacts their agreements and operations, and how it affects their sales representatives and other Exit Associates.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.