As of what date is the auditor's report for Remax dated?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT C FINANCIAL STATEMENTS
(A Wholly Owned Subsidiary of RMCO, LLC)
Consolidated Financial Statements
December 31, 2024 and 2023
(With Independent Auditors' Report Thereon)
Ernst & Young LLP 370 17th Street Suite 4800 Denver, CO 80202 Tel: +1 720 931 4000 Fax: +1 720 931 4444 ey.com
Report of Independent Auditors
The Member RE/MAX, LLC
Opinion
We have audited the consolidated financial statements of RE/MAX, LLC and subsidiaries (the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income (loss), comprehensive income (loss), member's equity, and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the consolidated financial statements include an independent auditor's report. The report covers the financial years ending December 31, 2024, and 2023. This means the auditor, Ernst & Young LLP, examined Remax's financial statements for these periods.
The auditor's report expresses an opinion on whether Remax's financial statements present fairly the company's financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America. The auditor states that the audit was conducted following auditing standards generally accepted in the United States of America, ensuring independence and adherence to ethical responsibilities.
For a prospective Remax franchisee, this indicates that Remax provides audited financial statements, offering a degree of transparency and assurance regarding the company's financial health. Franchisees can review these statements to assess Remax's financial stability and performance over the past two years. The presence of an independent auditor's report adds credibility to the financial information presented.