Is there any exception to the requirement that the Exit franchisee, or a designated officer, devote full time to the business?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
- (B) Franchisee, or if Franchisee is an entity, an officer, member, director, partner or other person named as the real estate broker of record, shall devote substantially full time efforts to Franchisee's business to be pursued under this Agreement.
Source: Item 15 — OBLIGATION TO PARTICIPATE IN THE ACTUAL OPERATION OF THE FRANCHISE BUSINESS (FDD page 27)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the franchisee, or if the franchisee is an entity, an officer, member, director, partner or other person named as the real estate broker of record, must devote substantially full time efforts to the Exit business.
This requirement ensures that the Exit franchise receives the necessary attention and effort to maintain its quality and goodwill. By requiring full-time commitment, Exit aims to ensure that the franchisee is actively involved in the day-to-day operations and strategic decision-making of the business.
This full-time commitment helps to maintain high ethical standards, ensure efficient and courteous service, and uphold the distinguishing characteristics of Exit's real estate service. This contributes to creating and maintaining goodwill among the public for the Exit system on an international basis.