When considering a Remax franchise, is it acknowledged that the Franchise Agreement and all associated exhibits, addenda, and riders have been received?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. I have received the Franchise Agreement and each exhibit, addendum, and rider attached to it. | |||
|---|---|---|---|
| True | False | ||
| By signing this Questionnaire, you are representing that you have responded truthfully to the above questions. | |||
| You understand that your answers are important to us and that we will rely on them. | |||
| No statement, questionnaire, or acknowledgment signed or agreed to by a franchisee in connection with the | |||
| commencement of the franchise relationship shall have the effect of: (i) waiving any claims under any applicable state | |||
| franchise law, including fraud in the inducement; or (ii) disclaiming reliance on any statement made by any franchisor, | |||
| franchise seller, or other person acting on behalf of the franchisor. This provision supersedes any other term of any | |||
| document executed in connection with the franchise. |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, prospective franchisees must acknowledge receipt of the Franchise Agreement and all associated documents. Specifically, a questionnaire includes the statement: "I have received the Franchise Agreement and each exhibit, addendum, and rider attached to it," with options to mark this statement as either "True" or "False".
This acknowledgement is important because it confirms that the franchisee has been given the opportunity to review the complete agreement before entering into the franchise relationship. By signing the questionnaire, the franchisee is representing that their answers are truthful and that Remax can rely on them. This helps to ensure that the franchisee is fully informed about the terms and conditions of the franchise.
However, the FDD also states that no acknowledgement signed by a franchisee can waive claims under applicable state franchise law, including fraud in the inducement, or disclaim reliance on statements made by Remax. This provision supersedes any other term of any document executed in connection with the franchise. This protects the franchisee from unknowingly waiving their legal rights, even if they acknowledge receiving and understanding the documents.