Is there any affirmative statement regarding bankruptcy for Exit Realty Upper Midwest in Item 4?

According to Exit's 2025 Franchise Disclosure Document, Item 4 addresses bankruptcy information for both the subfranchisor, EXIT Realty Upper Midwest, and the franchisor, EXIT Realty Corp. International. Regarding EXIT Realty Upper Midwest, the document explicitly states that no bankruptcy information is required to be disclosed in Item 4. This means that, as of the FDD date, there is no disclosed history of bankruptcy proceedings for EXIT Realty Upper Midwest that would be relevant to potential franchisees.

This lack of required disclosure does not necessarily mean that EXIT Realty Upper Midwest has never experienced financial difficulties. It simply means that, according to the regulations governing franchise disclosures, there is no bankruptcy history that meets the threshold for mandatory disclosure in Item 4. Franchise regulations mandate disclosure of bankruptcy history to help prospective franchisees assess the financial stability and potential risks associated with investing in a particular franchise system.

For a prospective Exit franchisee, this information is useful but should not be the sole basis for making a decision. It is advisable to conduct independent research and due diligence to assess the financial health and stability of EXIT Realty Upper Midwest. This may include reviewing the subfranchisor's financial statements, seeking advice from financial professionals, and consulting with existing franchisees to gather insights into their experiences and perspectives.