Where can I find the requirements for renewal of a Remax franchise?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| Provision | Section in franchise or other agreement | Summary | |
|---|---|---|---|
| The agreement you would sign if you are an existing franchisee and are renewing the Team Office Amendment is attached as Exhibit A-4. | |||
| c. | Requirements for franchisee to renew or extend | Subsection 2.E. of Franchise Agreement and Renewal Addenda Sections 2 and 11 of Team Office Amendment | You can renew the franchise relationship if: • you have complied with the terms of the Franchise Agreement; • you have exercised diligence in developing your Office during the term in a manner acceptable to us; • you sign a form authorizing RE/MAX Regional to obtain a consumer report and conduct a credit and background check; • you provide us with a copy of your current financial statement; • you meet our then current subjective and objective standards for new franchisees; • you provide written notice of election to renew at least 6 months prior to the expiration of the Franchise Agreement; • you complete required educational courses; • you sign the then current form of Franchise Agreement, including the then current form of renewal addendum (both of which may have materially different and less favorable terms and conditions from your original contract) at least 90 days prior to the expiration of the Franchise Agreement; and • you pay the renewal fee (or if you are paying the renewal fee in 12 equal payments, then the first monthly payment) at least 90 days prior to the expiration of the Franchise Agreement. If you renew the Team Office Amendment, you will be required to pay the Team Office renewal fee and execute the form of amendment that RE/MAX Regional is then using for the grant of rights to a Team Office. |
Source: Item 17 — RENEWAL, TERMINATION, TRANSFER, AND DISPUTE RESOLUTION (FDD pages 81–88)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the requirements for a franchisee to renew or extend their franchise agreement can be found in Subsection 2.E of the Franchise Agreement and Sections 2 and 11 of the Team Office Amendment.
To renew the franchise relationship, a franchisee must meet several conditions. These include compliance with the existing Franchise Agreement terms and demonstrating diligence in developing their office in a manner acceptable to Remax. Additionally, franchisees must authorize Remax Regional to obtain a consumer report and conduct credit and background checks, as well as provide a current financial statement. Meeting Remax's then-current subjective and objective standards for new franchisees is also required.
Further stipulations include providing written notice of the election to renew at least six months before the Franchise Agreement expires, completing required educational courses, and signing the then-current form of Franchise Agreement, including the renewal addendum, at least 90 days before the expiration. It is important to note that the terms and conditions in the renewed agreement may differ materially and be less favorable than the original contract. Finally, the franchisee must pay the renewal fee (or the first of 12 equal monthly payments) at least 90 days before the Franchise Agreement expires. If renewing a Team Office Amendment, the franchisee must pay the Team Office renewal fee and execute the amendment form that Remax Regional is using at that time for granting rights to a Team Office.
Prospective franchisees should carefully review these renewal requirements, paying close attention to the potential for changes in the terms and conditions of the renewed agreement. Understanding these obligations is crucial for planning and ensuring a smooth renewal process with Remax.