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Business Description

We are a Delaware corporation incorporated in June, 2001. We do business under the names 'WEICHERT' and 'WEICHERT, REALTORS.' Our principal business address is 225 Littleton Road, Morris Plains, New Jersey 07950, and our telephone number is (975) 359-8377. Our agents for service of process in the states whose franchise laws require us to name a state agency as agent for Service are Shown on Exhibit D

Prior Experience

Ourfounder, James M. Weichert, has operated a real estate brokerage business since 1969. In 1975, he founded our affiliate Weichert Co,, which does business as 'Weichert, Realtors:' We have ho parent cornpanies or predecessors. The principal business address of Weichert Co. is 1625 State Route 10 East, Morris Plains, New Jersey 07950: and its telephone number is (973),267-7777. As of December 31, 2018, Weichert Co. and its affiliates operated one hundred and thirty (1.30) residential and two (2) commercial 'Weichert, Realtors' real estate brokerage offices in New Jersey, New York, Connecticut, Pennsylvania, Delaware, Maryland, Virginia, and the District of Columbia.

Business Offered

You will operate one or more Weiehert Offices providing residential real estate brokerage Services and related services, programs and products., If you wish, you may also provide non- residential real estate brokerage services and related services, programs and products. We expect that most Of our franchisees will have existing real estate brokerage offibes which they convert to Weichert Offices. When you sign the Franchised Agreement, you Or a person you designate must be a real estate broker duly licensed under all applicable laws, rules and regulations of the Territory (your 'Responsible Broker'). The Initial Franchise Fee will entitle you to operate one Weichert Office If you wish to convert an Additional Office in the Territory to a Weichert Office or open ari Additional Office in the Territory, and you receive pyr approval before you and we sign the Franchise Agreement, then you pay us an Additional Office Fee of $12,500 for each additibnal Office. If you wish to open any Additional Offices which we have not approved before you and we sign the Franchise Agreement, then, if we approve the Additional Officeyou propose, you must sign our then current form of franchise agreement for the Additional Office, and you must pay us our then-current Additional Office Fee when you sign the franchise agreement for the Additional Office. If you wish to open a 'Seasonal Office" which by definition is an Additibnal Office which may beiclOsed ho more than six months per calendar year with our prior written approval, you must sign our then-eurrent fbrmjof franchise agreement for the Seasonal Office, and you must pay us otir theh-current Additional Office Fee when you sign the franchise agreement for the Seasonal Office.

Initial Fees

The Initial Franchise Fee for your first Weichert Office will be $25,000. Generally, we do not waive or reduce the amount of the Initial Franchise Fee. However, under rare andi extraordinary Circumstances Which probably do not apply to you, we may waive o

Financing

We do not offer direct or indirect financing. We do not guarantee your note, lease or other obligations.

Franchisee Revenue and Profit

The FTC's Franchise Rule permits a franchisor to provide information about the actual or potential financial performance of its franchised and/or franchisor-owned outlets, if there is a reasonable basis for the information, and if the information is ineluded in the disclosure docUmeht. Financial performance information thatdiffers from that included in Item 19 may be given only if (1) a franchisor provides the actual records of an existing outlet you are considering buying: or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at; a particular location or under particular circumstances. We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing outlet, however, we may provide you with the actual records of that outlet: If yOu receive ahy other financial perforrnance inforrnation or projections of your future income, you should report it to the franchisor's management by contacting Leslie D. Shoaf at 225 Littleton ROad, Morris Plains, New Jersey 0795Q, (973) 359-8377, the Federal Trade Commission, and the appropriate state regulatory agencies.