Question 1

Does Motto Mortgage franchise offer exclusive territory?

Accepted Answer

Motto Mortgage offers None territory protection to its franchisees. This means other franchisees may be permitted to open locations near yours.

Question 2

What is the Motto Mortgage franchise agreement term length?

Accepted Answer

The initial franchise agreement term for Motto Mortgage is 7 years. The total potential term is 7 years.

Question 3

What is the non-compete clause for Motto Mortgage franchise?

Accepted Answer

The Motto Mortgage franchise non-compete clause extends for 1 year within a 5-mile radius after termination or expiration of the franchise agreement.

Question 4

Can you transfer or sell a Motto Mortgage franchise?

Accepted Answer

Yes, Motto Mortgage allows franchise transfers, subject to franchisor approval and conditions outlined in the agreement. A transfer fee of $2,500 applies.