1. A privilege granted to conduct certain service businesses, such as a' franchise' real estate brokerage. 2. The private contractual right to operate a business using a designated trade name and the operating procedures of the parent company (the franchisor). Such firms as Century 21 and Coldwell Banker operate national franchise brokerages.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). franchise. Retrieved September 22, 2026, from http://smartdefine.org/franchise/definitions/1154515 |
| Chicago | Barry Goldsmith. 2010. "franchise" http://smartdefine.org/franchise/definitions/1154515 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, franchise, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/franchise/definitions/1154515>. |
| MLA | Barry Goldsmith. "franchise" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/franchise/definitions/1154515> |