factual

What document must a Remax franchisee sign to establish a Team Office?

Remax Franchise · 2025 FDD

Answer from 2025 FDD Document

ffice is located.

If you fail to meet the Minimum Agent Count at any time, you will not be excused from the payment of, and you will be required to pay, all Monthly Ongoing Fees, Annual Dues, and Marketing Fund fees as if you had met your Minimum Agent Count. Additionally, RE/MAX Regional may terminate the Franchise Agreement (see Item 17).

Team Offices

RE/MAX Regional may grant you the right to establish one or more additional office locations ("Team Offices") in order to accommodate Sales Associates who have a team of individuals assisting them, and who need additional office space, provided that you shall not then, or at any time thereafter prior to the opening of such Team Office, be in default of any of your obligations arising under the Franchise Agreement and upon the additional conditions set forth below. You will be required to sign the Team Office Amendment (attached as Exhibit A-4 for each Team Office you establish).

Permission to establish a Team Office shall be within RE/MAX Regional's sole and absolute discretion. Factors RE/MAX Regional will consider in determining whether to grant you the right to establish a Team Office include, without limitation, the location of the proposed Team Office, population growth and the overall market share enjoyed by RE/MAX in the area of the proposed Team Office and other market conditions that may affect the desirability of establishing a Team Office. You will be required to pay a Team Office Initial Fee of $1,000 (see Item 5), plus a Monthly Ongoing Team Office fee of $100 per month (see Item 6), for each Team Office that you open. If you are renewing an existing Team Office, you will be required to sign the Team Office Amendment (attached as Exhibit A-4) and pay a Team Office renewal fee of $500, plus a Monthly Ongoing Team Office fee of $100 per month for each Team Office that you renew (see Item 6). Each Team Office must be located at a site approved by RE/MAX Regional. Each Team Office shall operate as a part of the Office (i.e., as a branch of the Office operating under and as a part of the same ownership as the Office), shall operate under the same name as the Office, and, except as otherwise provided in the Franchise Agreement, shall comply with and be subject in every respect to all of the terms, conditions, provisions and restrictions of the Franchise Agreement as are applicable to the

Office. RE/MAX Regional is not under any obligation to provide Team Offices any of the services and benefits made available to the Office although RE/MAX Regional may, in its sole and absolute discretion, provide some services and benefits to Team Offices.

Team Offices shall be "address only" locations and therefore shall have no protected area or territorial exclusivity whatsoever. Each Team Office must have at least 600 square feet but not more than 1,500

Source: Item 12 — TERRITORY (FDD pages 71–75)

What This Means (2025 FDD)

According to Remax's 2025 Franchise Disclosure Document, a franchisee must sign the Team Office Amendment (Exhibit A-4) for each Team Office they establish. This amendment is also required if a franchisee is renewing an existing Team Office.

Establishing a Team Office is not guaranteed, as permission is within Remax Regional's sole discretion. Remax Regional will consider factors such as the location of the proposed Team Office, population growth, the overall market share enjoyed by Remax in the area, and other market conditions.

In addition to signing the Team Office Amendment, a franchisee must pay a Team Office Initial Fee of $1,000, plus a Monthly Ongoing Team Office fee of $100 per month for each Team Office opened. If renewing, the franchisee pays a Team Office renewal fee of $500, plus the $100 monthly fee. Each Team Office must be located at a site approved by Remax Regional and operate as part of the main office, under the same name, and in compliance with the Franchise Agreement.

Team Offices are "address only" locations, meaning they have no protected area or territorial exclusivity. Each Team Office must have between 600 and 1,500 square feet of office space, although Remax Regional may allow more than 1,500 square feet at its discretion.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.