What specific information about the Exit franchise opportunity is acknowledged in the receipt?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
Franchisee is or will become a licensed real estate broker with EXIT and has been furnished all desired information regarding EXIT and its System.
Franchisee desires to be franchised to use the System in its real estate brokerage business and to become an Affiliate of EXIT in an international network of such businesses under the terms and conditions contained in this Agreement.
[Type here] __________ Initials
Region Name] has made no assurance nor representation that I will be granted a franchise opportunity, and I
information I have provided herein is true, accurate, and complete, and I understand that EXIT Realty [Insert Region Name] will rely on the information provided by me. Date Signature of Applicant Date Applicant Print Name Date Witness Date Witness Print Name waive, release, and discharge EXIT Realty [Insert Region Name] from any claims or actions, known or unknown, whatsoever existing prior to the date of this application, except those arising from representations in EXIT Realty [Insert Region Name] franchise disclosure document and exhibits and amendments thereto. I declare that the
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the receipt acknowledges that the applicant has been furnished with all desired information regarding Exit and its System. The receipt also indicates that the applicant understands that the information they have provided is true, accurate, and complete, and that Exit Realty will rely on this information. The applicant acknowledges that the region has made no assurance nor representation that they will be granted a franchise opportunity.
Furthermore, the applicant waives, releases, and discharges Exit Realty from any claims or actions, known or unknown, existing prior to the date of the application, except those arising from representations in Exit Realty's franchise disclosure document and exhibits and amendments thereto.
This receipt serves as an acknowledgment by the applicant that they have received and understood key information about the Exit franchise opportunity and their responsibilities in the application process. It also protects Exit Realty from potential claims based on information provided before the application date, except for claims arising from the FDD itself.