factual

Is there a specific statement that the Exit franchisee must include in their acknowledgement?

Exit Franchise · 2025 FDD

Answer 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 are required to include a specific statement on various materials. Specifically, Exit franchisees must include the statement "each office independently owned and operated" or "Independent Member Broker" on their web page, telephone book advertisements, exterior signs, lawn signs, letterheads, deposit receipt forms, listing agreements, and other printed materials.

The placement of this statement is also specified. Exit requires that the franchisee conspicuously display the statement on its web page, if applicable, and at a prominent location at the main entrance of its office. This ensures that customers are aware of the independent ownership and operation of the franchise.

This requirement is likely in place to clarify the relationship between Exit and its franchisees, emphasizing that each location is independently run. This is a common practice in franchising to avoid potential legal issues related to liability and to manage customer expectations. Prospective franchisees should ensure they understand and can comply with these requirements, as they are part of Exit's operating standards and quality control directives.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.