In what currency are all amounts payable under the Remax agreement denominated?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
ed under applicable law, then at the highest rate legally permitted. If we or REMAX, LLC are ever deemed to have contracted for, charged or received interest on any overdue sums in an amount that exceeds the amount permitted under applicable law, then such excess amount shall be deemed intended for, and will be applied as, payment of outstanding fees or other amounts due under this Agreement and, if no such amounts remain outstanding, such excess shall be returned to you.
(2) Failure to Timely Submit Reports.
If you fail to submit any reports by their due date, you agree to pay us a late charge of $100 per day until the reports are submitted in compensation for the additional administrative costs and expenses we incur as a result of the late submission (see also Section 10).
(3) Submission of Payments.
You agree to pay all fees, dues, and charges in accordance with such procedures that REMAX Regional or REMAX, LLC may specify. REMAX Regional accepts payments via electronic funds transfer ("EFT") or automated clearinghouse transfer ("ACH"). REMAX Regional reserves the right to specify alternative methods of payment or to require payment other than by EFT or ACH and you agree to comply with our payment instructions and procedures. If REMAX Regional accepts credit card or other alternative forms of payment (such as cryptocurrency), you agree to pay any associated processing fees and surcharges.
Before your Office begins operating, you agree that you will sign and deliver to us the documents we require to authorize us to debit your business checking account for Monthly Ongoing Fees, Marketing Fund fees, Hot Air Balloon Fund fees (if your Office is in Indiana, Minnesota, or Wisconsin), Regional Development fees (if your Office is in Indiana), Annual Dues, and other amounts due under this Section 6 and for your purchases from us and/or our Related Parties ("Electronic Depository Transfer Account" or "EDTA"). In addition to any other remedies we may have, failure to timely complete the documents that we need to auto-debit your bank account may result in a processing fee of $100 per month. You agree to sign a withdrawal authorization form (Automatic Bank Draft) or to provide the payment information needed for automatic payment when you are prompted in the online billing system ("RE/MAX Agent and Office Portal"). We or one of our Related Parties will debit the EDTA for the amounts due on their due dates.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
Based on the 2025 Remax Franchise Disclosure Document, all fees, dues, and charges are specified in U.S. dollars. For instance, annual dues are listed as $410 per Sales Associate, and late report submissions incur a charge of $100 per day.
Other fees include a Regional Development fee for offices in Indiana, which is either $200 or $150 per month depending on population density. Team Office fees include an initial fee of $1,000, a renewal fee of $500, and a monthly ongoing fee of $100.
Additionally, if Remax implements a Technology Fee, it will be up to $15 per Sales Associate monthly. Franchisees should be aware that these fees can increase, such as the Annual Dues and Regional Development fee, which may increase by up to 20% annually, and the Technology Fee, which may increase by $5 per year. Furthermore, failure to complete auto-debit documents can result in a $100 monthly processing fee, and insufficient funds for electronic transfers also incur a $100 fee.