Besides the $2,500 transfer fee, what other costs might a Remax franchisee incur when transferring their franchise?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
greement.
If you are renewing an existing Team Office, or what was formerly known as a Satellite Office, you will be required to pay a nonrefundable Team Office Renewal Fee of $500 for each Team Office that you renew (see Item 6).
Note to Franchise Transferees
In the event of a transfer, you will not need to pay us an initial franchise fee. However, a transfer fee is payable to us in an amount of $2,500 p
Source: Item 5 — INITIAL FEES (FDD pages 29–43)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, a franchisee transferring their franchise agreement will incur a $2,500 transfer fee. In addition to this fee, the franchisee may have to cover other costs. These additional costs include administrative and legal expenses that Remax incurs to facilitate the transfer. The FDD specifies that RE/MAX Regional's costs could be significantly higher than the transfer fee depending upon the nature and complexity of the transaction.
This means that the total cost of transferring a Remax franchise could be substantially more than just the initial $2,500. The exact amount of these additional costs will depend on the specifics of the transfer, such as the legal work required and the administrative time spent processing the transfer. A simple transfer might incur minimal additional costs, while a more complex transaction could result in significantly higher expenses.
Prospective franchisees should be aware of this potential for additional costs when considering a franchise transfer. It would be prudent to discuss with Remax what factors might lead to higher administrative and legal expenses. Understanding these potential costs upfront can help a franchisee better prepare for the financial implications of transferring their Remax franchise.