Where must all books and records of the Remax office be maintained?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
During the Term, you agree to establish and maintain record keeping and accounting systems conforming to the requirements prescribed by us from time to time. All books and records of the Office shall be maintained at the Premises.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, all books and records of the Remax office must be maintained at the premises of the office. This requirement ensures that Remax has access to the franchisee's financial and operational data for audits, compliance checks, and performance reviews.
Maintaining records at the office premises is a standard practice in franchising, allowing franchisors to easily verify the franchisee's adherence to system standards and financial obligations. This also facilitates transparency and accountability in the franchisee's operations.
For a prospective Remax franchisee, this means allocating secure space at the office location for storing all necessary financial and operational documents. It also implies that these records must be organized and readily accessible for review by Remax representatives during inspections or audits.