Question 1

Does Engel & Völkers Residential Real Estate Brokerage franchise offer exclusive territory?

Accepted Answer

Engel & Völkers Residential Real Estate Brokerage offers Exclusive territory protection to its franchisees. This means no other franchisee can open in your designated area.

Question 2

What is the Engel & Völkers Residential Real Estate Brokerage franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Engel & Völkers Residential Real Estate Brokerage is 10 years. Franchisees may renew up to 1 time for 10-year periods. The total potential term is 20 years.

Question 3

What is the non-compete clause for Engel & Völkers Residential Real Estate Brokerage franchise?

Accepted Answer

The Engel & Völkers Residential Real Estate Brokerage franchise non-compete clause extends for 0 years within a 75-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Engel & Völkers Residential Real Estate Brokerage franchise?

Accepted Answer

Yes, Engel & Völkers Residential Real Estate Brokerage allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $2,500 applies.