Training Offered by Real Estate Franchises

The Uniform Franchise Circular Offering (UFOC) is a valuable resource for due diligence when considering a real estate franchise. The UFOC is a franchise disclosure document required by the Federal Trade Commission (FTC) for all franchise offerings. It must be provided to all prospective franchise buyers by the franchisor at the first face-to-face meeting or 10 business days prior to any contract signing or payment of money related to the franchise relationship.

The UFOC covers 23 key areas of disclosure. Some of the topics include information about the franchise parent company and business experience of all executives, litigation history, financial statements, franchise fees and other costs, restrictions, and obligations.

It is an imposing document filled with legal descriptions and terminology but invaluable for people entering into franchising relationships. Ask your accountant or a franchise attorney to review the UFOC, put it in layman's terms and examine the pros and cons for your real estate franchise investment.

When you're ready to discuss a possible Real Estate Franchise with GMAC Real Estate, just e-mail us, or call us at 866-667-9482. One of our Franchise Development specialists will be glad to work with you.