According to the Remax promissory note, where should payments be sent?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
will be applied as, payment of outstanding fees or other amounts due under this Agreement and, if no such amounts remain outstanding, such excess shall be returned to you.
(2) Failure to Timely Submit Reports.
If you fail to submit any reports by their due date, you agree to pay us a late charge of $100 per day until the reports are submitted in compensation for the additional administrative costs and expenses we incur as a result of the late submission (see also Section 10).
(3) Submission of Payments.
You agree to pay all fees, dues, and charges in accordance with such procedures th
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, franchisees agree to pay all fees, dues, and charges according to the procedures that Remax Regional or Remax, LLC may specify. Remax Regional accepts payments via electronic funds transfer ("EFT") or automated clearinghouse transfer ("ACH").
Remax Regional retains the right to specify alternative methods of payment or require payment other than by EFT or ACH, and franchisees must comply with their payment instructions and procedures. If Remax Regional accepts credit card or other alternative forms of payment, such as cryptocurrency, franchisees agree to pay any associated processing fees and surcharges.
This means that as a Remax franchisee, you must stay informed about the current payment methods accepted by Remax and be prepared to adapt to any changes in payment procedures they implement. Be aware of potential processing fees for alternative payment methods like credit cards or cryptocurrency.