When is the Remax Broker/Owner Meetings and Retreats registration fee due?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Initial Education | $0 | Not Applicable. | Initial Education is required. You will be required to pay for all related travel, meal, lodging and entertainment expenses. (See Item 11 for more detail.) |
| Recruiting 101 | $599 | Not Applicable. | Recruiting 101 is required. You will be required to pay for all related travel, meal, lodging and entertainment expenses. (See Item 11 for more detail.) |
| Broker/Owner Meetings and Retreats | $0 - $550 registration fee | Upon receipt of invoice. | Attendance is highly recommended; you must pay for all related travel, meal, lodging and entertainment expenses (if any). |
Source: Item 5 — INITIAL FEES (FDD pages 29–43)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the registration fee for Broker/Owner Meetings and Retreats, which ranges from $0 to $550, is due upon receipt of invoice. Attendance at these meetings and retreats is highly recommended, but franchisees are responsible for covering all associated travel, meal, lodging, and entertainment expenses.
This means that a prospective Remax franchisee should budget for this fee and be prepared to pay it promptly once they receive the invoice. While attendance is not mandatory, Remax encourages franchisees to participate, suggesting that these events offer value to the broker/owner. The franchisee needs to factor in not only the registration fee but also the additional costs of travel and accommodation to determine the overall expense of attending these events.
It is common practice in franchising for franchisors to hold meetings and conventions, and for franchisees to bear the costs of attending. These events provide opportunities for training, networking, and updates on the franchise system. Remax's approach of recommending attendance while making the franchisee responsible for all costs aligns with standard industry practices. Franchisees should weigh the potential benefits of attending against the financial commitment required.