Where can I find 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.
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, the Remax, LLC Guarantee of Performance can be found attached to the disclosure document as Exhibit C. This exhibit includes the consolidated balance sheets of REMAX, LLC and its subsidiaries as of December 31, 2024 and 2023, along with related consolidated statements of income (loss), comprehensive income (loss), member's equity, and cash flows for the three-year period ending December 31, 2024.
The Guarantee of Performance outlines that RE/MAX, LLC, guarantees the performance of RE/MAX Integrated Regions, LLC, under its franchise registrations in Indiana, Minnesota, Rhode Island, and Wisconsin. This guarantee extends to all obligations of the Subfranchisor under these registrations and all Franchise Agreements entered into after April 2, 2025, as per the 2025 Franchise Disclosure Document.
The guarantee remains in effect until all obligations of the Subfranchisor are satisfied or until the Subfranchisor's liability to its franchisees under the Franchise Agreements is completely discharged. It is important to note that RE/MAX, LLC is not released from liability if a franchisee's claim against the Subfranchisor remains outstanding. The guarantor, RE/MAX, LLC, signed the guarantee on April 2, 2025, in Denver, Colorado, with Karri Callahan, Chief Financial Officer, as the signatory.