What states did Bill Pankonin initially purchase the Exit subfranchise rights for in 2006?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
In 2006, Bill purchased the EXIT subfranchise rights to the state of Iowa and Nebraska under the entities of Realty Iowa, LLC and Realty Nebraska, LLC.
Source: Item 2 — BUSINESS EXPERIENCE (FDD pages 8–11)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, Bill Pankonin initially purchased the Exit subfranchise rights for Iowa and Nebraska in 2006. These rights were secured under the entities of Realty Iowa, LLC, and Realty Nebraska, LLC, respectively. This means that in 2006, Pankonin obtained the authority to sell and manage Exit franchises within these two states.
This initial acquisition of subfranchise rights in Iowa and Nebraska marked the beginning of Pankonin's involvement with Exit. It provided him with the opportunity to develop and expand the Exit brand within these specific geographic areas. As a subfranchisor, Pankonin would have been responsible for recruiting franchisees, providing support and training, and ensuring compliance with Exit's standards and procedures.
Later, Bill Pankonin transferred the Exit subfranchise rights for Iowa and Nebraska and became Regional President – Upper Midwest for Exit Realty Corp. International in July 2011. He then reacquired the rights for Iowa in July of 2013. This demonstrates the evolving nature of his role and responsibilities within the Exit organization, as he took on broader regional responsibilities and later regained control of specific state subfranchise rights.