What is the deadline for submitting proposed transfer documents to Remax for review?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
- (3) at least 30 days prior to the date of the proposed transfer, you must submit to us for our review and prior approval all proposed transfer or assignment documents, including any purchase and sale agreements to be executed in connection with such transfer or assignment, which documents must be acceptable to us;
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, a franchisee seeking to transfer their franchise must submit all proposed transfer or assignment documents to Remax for review and prior approval at least 30 days prior to the proposed transfer date. These documents include any purchase and sale agreements related to the transfer.
This 30-day submission window allows Remax adequate time to review the proposed transfer documents and assess the suitability of the potential transferee. Remax needs to ensure that the new franchisee meets their standards for character, creditworthiness, business experience, professional credentials, and ethical background.
It is important for a Remax franchisee to adhere to this deadline to avoid any delays or potential rejection of the transfer. Failure to provide the documents within the specified timeframe could impede the transfer process and potentially breach the franchise agreement. The franchisee should work closely with Remax to ensure all necessary documents are complete and submitted on time.