Where can I find the reconciliation of cash amounts presented for both unrestricted and restricted cash in the Remax Consolidated Balance Sheets?

According to the 2025 Remax Franchise Disclosure Document, the reconciliation of cash amounts, both unrestricted and restricted, in the Consolidated Balance Sheets to the amounts presented in the Consolidated Statements of Cash Flows can be found in Item 1. Specifically, there is a table that reconciles these amounts, with all cash held by the Marketing Funds being contractually restricted. The amounts are presented in thousands of dollars.

This reconciliation is important for prospective franchisees as it provides transparency into how Remax manages its cash flow and distinguishes between cash that is freely available and cash that is designated for specific purposes, such as the Marketing Funds. Understanding the flow of funds can help franchisees assess the financial health and stability of the franchisor.

By examining the Consolidated Statements of Cash Flows, potential franchisees can gain insights into Remax's cash management practices and how the company utilizes its funds. This information, along with the reconciliation table, can aid in evaluating the overall financial performance and stability of the Remax franchise system.