When considering a Remax franchise, does the franchisee acknowledge they had the opportunity to discuss the benefits and risks with a professional advisor?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | I have received, personally reviewed, and understand the Franchise Agreement and each exhibit, addendum, and rider attached to it. | ||
|---|---|---|---|
| True | False | ||
| 2. | I have received, personally reviewed, and understand the information contained in the Franchise Disclosure | ||
| Document. | |||
| True | False | ||
| 3. | I acknowledge that I have had the opportunity—whether or not I may have chosen to do so—to discuss with | ||
| my attorney, accountant, or other professional advisor the benefits and risks of operating a RE/MAX real | |||
| estate brokerage office franchise, and I understand those benefits and risks. | |||
| True | False | ||
| 4. | I am relying upon information I received concerning RE/MAX Integrated Regions, LLC and not information | ||
| concerning any parent company of RE/MAX Integrated Regions, LLC. | |||
| True | False | ||
| 5. | Has any employee or other person speaking on behalf of RE/MAX Integrated Regions, LLC made any | ||
| representations, assurances, guarantees, or promises regarding the following in reference to operating a | |||
| RE/MAX real estate brokerage office franchise? |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, prospective franchisees must acknowledge that they had the opportunity to discuss the benefits and risks of opening a Remax franchise with a professional advisor. This acknowledgement is part of the Franchisee Disclosure Questionnaire.
Specifically, the questionnaire asks franchisees to confirm that they have had the opportunity to discuss the benefits and risks of operating a Remax real estate brokerage office franchise with their attorney, accountant, or other professional advisor. The franchisee acknowledges this opportunity regardless of whether they chose to act on it. By signing the questionnaire, the franchisee represents that they have responded truthfully to all questions, and Remax relies on these answers.
This requirement ensures that franchisees are aware of the importance of seeking professional advice before making a final decision. It also protects Remax by documenting that franchisees were given the chance to fully understand the implications of their investment. Franchisees should take this opportunity seriously and consult with qualified professionals to assess the potential risks and rewards of investing in a Remax franchise.