What documents relating to the proposed transfer or assignment must be submitted to Remax for prior approval?
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;
(4) you must submit to us current, accurate financial statements and other documents of the proposed transferee(s) or assignee(s) sufficient to enable us to determine and to either approve or disapprove, in our sole discretion, the character, creditworthiness, business experience, professional credentials and ethical background of the proposed transferee(s) or assignee(s);
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, if a franchisee intends to transfer or assign their franchise, they must submit all proposed transfer or assignment documents to Remax for review and prior approval at least 30 days before the proposed transfer date. These documents must be acceptable to Remax.
In addition to the transfer documents, the franchisee must also submit current, accurate financial statements and other documents of the proposed transferee or assignee. This information allows Remax to assess the character, creditworthiness, business experience, professional credentials, and ethical background of the potential new franchisee. Remax has the sole discretion to approve or disapprove the proposed transferee or assignee based on this information.
This requirement ensures that Remax maintains control over who enters its franchise system and that new franchisees meet the brand's standards. It is a common practice in franchising to have strict transfer requirements to protect the brand's reputation and the interests of other franchisees.