Key Takeaways: • The North American Securities Administrators Association (NASAA) has proposed a Model Franchise Broker Registration Act that would require franchise brokers and their representatives to register with states and provide presale disclosure statements. • If adopted, the model law would serve as a framework for states to regulate franchise brokers, similar to existing laws in California, New York and Washington. • The proposed act outlines prohibited practices, registration requirements, disclosure obligations and recordkeeping duties for franchise brokers and their representatives. • Comments on the proposal are due by August 27, 2025, and NASAA may adopt a final version after reviewing public input.

NASAA is requesting public comment for its proposed NASAA Model Fra

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