What are some of the criteria RE/MAX Regional uses to approve a location for a Remax office?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
At your request, assist you in selecting the Office's location which must be approved by RE/MAX Regional. (Franchise Agreement - Subsections 2.A. and 2.C.) RE/MAX Regional's criteria for a location include population density, the number of competing real estate offices in the surrounding area, your financial capability to maintain the Office at the particular location, public access to the Office, parking availability, the location's public appeal and professional image and the proximity to other RE/MAX offices.
You may not begin operating the Office until a location has been selected and approved.
We will respond to your location request within 30 days after you submit it.
If you and RE/MAX Regional, acting reasonably and in good faith, cannot agree on a location for the Office within 90 days after the Franchise Agreement is signed, unless otherwise agreed, it will be deemed to be a failure of a material condition precedent to the Franchise Agreement entitling RE/MAX Regional to terminate the Franchise Agreement.
Failure to open the Office within 180 days after the Franchise Agreement is signed will also be deemed to be a failure of a material condition precedent to the Franchise Agreement entitling RE/MAX Regional to terminate the Franchise Agreement.
Your initial franchise fee is not refundable if you fail to locate an acceptable site for your Office or you do not open your Office within 180 days after the Franchise Agreement is signed.
Source: Item 11 — Franchisor's Assistance, Advertising, Computer Systems, and Training (FDD pages 59–71)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, Remax Regional will assist a new franchisee in selecting a location for their office, but the location must be approved by Remax Regional. The criteria Remax Regional uses to approve a location include population density, the number of competing real estate offices in the surrounding area, the franchisee's financial capability to maintain the office at the particular location, public access to the office, parking availability, the location's public appeal and professional image, and the proximity to other Remax offices.
It is important to note that a franchisee may not begin operating the office until a location has been selected and approved by Remax Regional. Remax will respond to the location request within 30 days after the franchisee submits it. If the franchisee and Remax Regional cannot agree on a location for the office within 90 days after the Franchise Agreement is signed, it will be deemed a failure of a material condition, entitling Remax Regional to terminate the Franchise Agreement, unless otherwise agreed.
Furthermore, failure to open the office within 180 days after the Franchise Agreement is signed will also be deemed a failure of a material condition precedent to the Franchise Agreement, entitling Remax Regional to terminate the Franchise Agreement. The initial franchise fee is not refundable if the franchisee fails to locate an acceptable site for the office or does not open their office within 180 days after the Franchise Agreement is signed. This highlights the importance of finding a suitable location promptly and the potential financial risks involved if a location cannot be secured and approved in a timely manner.