Besides the standard Franchise Agreement, what additional exhibits to the Remax Franchise Agreement are included specifically for use in Minnesota and Rhode Island?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| REMAX, LLC developed RE/MAX University (“RE/MAX University”) as a way to | |
|---|---|
| deliver educational and motivational programming to RE/MAX Affiliates. With the exception of premium programming, such as accredited courses or recruiting programs, RE/MAX University programming is available free of charge via MAX/Center, which you can access via a computer, or some smart phones, mobile devices, and streaming media players. If you, or the Sales Associates affiliated with your Office, choose to use the RE/MAX University platform, you and/or your Sales Associates will be required to agree to the RE/MAX University platform terms and conditions. | |
| Exhibit B-1 | Form of Promissory Note 1 (Initial Franchise Fee) |
| Exhibit B-2 | Form of Promissory Note 2 (Renewal Franchise Fee) |
| Exhibit B-3 | Form of Promissory Note 3 (Conversion) |
| Exhibit B-4 | Form of Promissory Note 4 (Acquisition or Growth-Related Expenses) |
| Exhibit G-1 | Franchisee Disclosure Questionnaire |
| Exhibit G-2 | Franchisee Disclosure Questionnaire – Minnesota and Rhode Island |
| Exhibit G-3 | Franchisee Disclosure Questionnaire – Team Office |
| Exhibit G-4 | Franchisee Disclosure Questionnaire – Team Office (Minnesota and Rhode Island) |
| Exhibit J | Addenda to Franchise Agreement for use in Minnesota and Rhode Island |
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, there are three exhibits to the franchise agreement that are specifically for use in Minnesota and Rhode Island. These include Exhibit G-2, Franchisee Disclosure Questionnaire – Minnesota and Rhode Island; Exhibit G-4, Franchisee Disclosure Questionnaire – Team Office (Minnesota and Rhode Island); and Exhibit J, Addenda to Franchise Agreement for use in Minnesota and Rhode Island.
These additional exhibits likely address specific legal or regulatory requirements in those states. Franchise Disclosure Questionnaires often gather information required by state franchise laws, ensuring Remax complies with local regulations. Addenda to the Franchise Agreement typically modify or supplement the standard agreement to align with state-specific laws, such as franchise relationship laws or specific disclosure requirements.
A prospective Remax franchisee in Minnesota or Rhode Island should carefully review these exhibits with legal counsel to understand their rights and obligations under the franchise agreement, as these exhibits will modify the standard franchise agreement.