What conditions regarding compliance with existing agreements must a Remax franchisee meet to transfer their franchise?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
In addition, we may require that any or all of the following conditions be met before or at the time of such assignment or transfer:
- (1) you and your Owners must be in compliance with the terms and conditions of this Agreement and any other franchise or other agreements you or your Owners may have with us;
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, a franchisee and their owners must be in compliance with the terms and conditions of the franchise agreement and any other agreements they may have with Remax to transfer their franchise. This requirement ensures that the franchisee has met all obligations to Remax before transferring the franchise to a new owner.
This condition is typical in franchising, as franchisors want to ensure that franchisees are in good standing before transferring the business. This protects the brand's reputation and ensures a smooth transition for the new franchisee.
Meeting this condition is essential for a Remax franchisee looking to sell their business. Failure to comply with existing agreements could delay or prevent the transfer. Franchisees should maintain meticulous records and ensure all obligations are met to facilitate a smooth transfer process.