Training 

The franchisor offers extensive training for franchisees, encompassing various aspects of managing a HomeVestors business. The training includes:

Initial Training: This mandatory program must be completed within 90 days of the Effective Date by the franchisee, their involved owners, and designated employees or independent contractors. It spans 5 days and covers the operation of a HomeVestors Business, including topics like management, goal setting, time management, and website functionality. The training is conducted either at the franchisor's designated facility or virtually. Attendees are responsible for their travel and living expenses.

In-Field Training: Associate Franchisees receive eight hours of hands-on training from a Development Agent mentor. This training covers property acquisitions, marketing, comparable programs, property valuations and rehab, and contract management. It must be completed within three months of signing the Franchise Agreement.

Supplemental Training: Franchisees, their owners, and employees may be required to attend additional training programs, including advanced, sales, and refresher courses. These programs cover system updates, new product introductions, and other relevant topics. The franchisor may charge reasonable fees for this training, and attendees are responsible for their travel and living expenses.

Annual Convention: Franchisees must attend and participate in the annual convention designated by the franchisor, paying the necessary registration fees. At least one attendee per franchise must pay the registration fees, with all travel and living expenses being the franchisee's responsibility.

Territory Protection

The franchise agreement with HomeVestors does not provide franchisees with exclusive territorial rights. It explicitly states that the assigned territory is not exclusive, meaning the franchisor may grant additional franchises or operate its own businesses within the same area as an existing franchisee.

Franchisees are expected to put forth their best efforts to promote the sale of products and services throughout their territory.

However, they must be aware that they may encounter competition from other HomeVestors businesses, including those operated by the franchisor or other franchisees in the same region. Additionally, the franchisor reserves the right to sell any products and services within any territory.