Thank you Sabrina Wall and Franchise Brokers Association for continuing to educate and shine a light on this very important subject. #franchisecommunity #stayinformed #franchising
Understanding the unique roles of franchise brokers compared to other types of brokers is crucial. Unlike securities brokers, who operate under different paradigms, franchise brokers assist prospective franchisees through extensive research, often involving attorneys and accountants. This contrasts with securities brokers, who may perform minimal research. Franchise brokers do not have decision-making authority or control over client funds, unlike securities brokers, who have near-total control over transactions. The working environment also differs significantly. Franchise brokers engage in a slow, methodical research process to deeply understand investments, while securities brokers operate in a fast-paced, transactional setting. Additionally, franchise brokers are never parties to the transaction but provide extensive due diligence, education, and preparation. Securities brokers, on the other hand, conduct transactions and manage client funds directly. Therefore, regulating franchise brokers as if they were securities brokers is inappropriate. Franchise brokers are more akin to the individuals who introduce you to the stockbroker rather than those executing the sale. Regulations should focus on those executing the sale, not those introducing the parties involved. Let’s ensure fair and accurate regulations that recognize the distinct roles and responsibilities in the franchise award process. California's SB 939 is putting franchising in a bind and is not ready for prime time. Speak up now before it's signed! If you want more details, click the link in our profile and take action today! #franchisebrokersassociation #franchiseba #franchisebroker #fba #sabrinawall #franchiseindustry #businessindustry #franchisecommunity #franchisesupport #stayinformed #franchiseregulations #leadership #franchise #franchisor #franchisee #franchisealert #protectfranchising #californiaSB919 #SB919 #IFA #CA919 #brokerdisclosure #brokerdisclosurerule #california919 #NASAAmodelbrokeract #franchiserule #franchiselaw #franchiseawareness #franchiselaws #californiabusiness #californiabroker #californiafranchisebroker