Where must the statement 'each office independently owned and operated' or 'Independent Member Broker' be conspicuously displayed by an Exit franchisee?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- (B) Franchisee shall include the following statement on Franchisee's web page, telephone book advertisements, exterior sign, lawn signs, letterhead, deposit receipt forms, listing agreements and other printed materials: "each office independently owned and operated" or "Independent Member Broker." Franchisee shall conspicuously display the statement on its web page (if any) and at a prominent location at the main entrance of its office.
Source: Item 23 — RECEIPT (FDD pages 42–235)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, franchisees must include the statement "each office independently owned and operated" or "Independent Member Broker" on various materials. This requirement ensures clarity for customers and the public regarding the ownership and operational structure of individual Exit franchise locations.
Specifically, Exit franchisees must display this statement on their web page, telephone book advertisements, exterior signs, lawn signs, letterhead, deposit receipt forms, listing agreements, and other printed materials. This broad range of applications ensures that the disclaimer is consistently visible across different communication channels and marketing platforms used by the franchisee.
Furthermore, the statement must be conspicuously displayed on the franchisee's web page, if they have one, and at a prominent location at the main entrance of their office. This prominent placement at the physical office location and online presence is intended to maximize visibility and ensure that clients are immediately aware of the independent ownership of the franchise. This requirement helps to avoid any potential confusion about whether the franchise is a corporate-owned entity or an independently operated business.