Does Exhibit C include Remax, LLC's Guarantee of Performance?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
REMAX, LLC guarantees RE/MAX Integrated Regions, LLC's obligations under the Franchise Agreement. Attached to this disclosure document as Exhibit C are the consolidated balance sheets of REMAX, LLC and subsidiaries 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 each of the years in the three-year period ended December 31, 2024. Also attached to this disclosure document as Exhibit C is RE/MAX, LLC's Guarantee of Performance.
EXHIBIT C-1 GUARANTEE OF PERFORMANCE
GUARANTEE OF PERFORMANCE
For value received, RE/MAX, LLC, a Delaware limited liability company (the "Guarantor"), located at 5075 S. Syracuse Street, Denver, Colorado, 80237, absolutely and unconditionally guarantees the performance by RE/MAX Integrated Regions, LLC, located at 5075 S. Syracuse Street, Denver, Colorado, 80237, (the "Subfranchisor"), of all of the obligations of the Subfranchisor under its franchise registrations in Indiana, Minnesota, Rhode Island, and Wisconsin, and all of its obligations under the Franchise Agreements entered into after April 2, 2025 pursuant to its 2025 Franchise Disclosure Document (the "Franchise Agreements"). This guarantee continues until all such obligations of the Subfranchisor under such franchise registrations and its obligations under such Franchise Agreements are satisfied, or until the liability of the Subfranchisor to its franchisees under the Franchise Agreements has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Subfranchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Subfranchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at Denver, Colorado on April 2, 2025.
Guarantor:
RE/MAX, LLC
Name: Karri Callahan
Title: Chief Financial Officer
Source: Item 21 — Financial Statements (FDD page 108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, Exhibit C includes RE/MAX, LLC's Guarantee of Performance. This guarantee ensures that RE/MAX, LLC will fulfill the obligations of RE/MAX Integrated Regions, LLC under the Franchise Agreement.
Specifically, the Guarantee of Performance states that RE/MAX, LLC, located in Denver, Colorado, absolutely and unconditionally guarantees the performance by RE/MAX Integrated Regions, LLC of all obligations under its franchise registrations in Indiana, Minnesota, Rhode Island, and Wisconsin. It also covers all obligations under Franchise Agreements entered into after April 2, 2025, pursuant to the 2025 Franchise Disclosure Document.
The guarantee remains in effect until all obligations of the Subfranchisor under such franchise registrations and Franchise Agreements are satisfied, or until the liability of the Subfranchisor to its franchisees under the Franchise Agreements has been completely discharged. RE/MAX, LLC does not get discharged from liability if a claim by a franchisee against the Subfranchisor remains outstanding. The Chief Financial Officer of RE/MAX, LLC signed this guarantee on April 2, 2025, in Denver, Colorado.