factual

Where can I find the specific provisions of the Remax franchise and related agreements mentioned in this table?

Remax Franchise · 2025 FDD

Answer from 2025 FDD Document

Provision Section in franchise or other agreement Summary
p. Death or disability of franchisee Subsection 12.E. of Franchise Agreement Upon your or a principal owner's death or permanent disability, your or such owner's interest must be sold or transferred to an approved person within 6 months, or with 60 days prior written notice, the Office may be closed if any outstanding fees have been paid in full.
q. Non-competition covenants during the term of the franchise Subsection 5.F. of Franchise Agreement Neither you (nor if you are an entity, your owners), nor your spouse or domestic partner, nor your Sales Associates (including, but not limited to, your manager or designated or managing broker of record), may have any ownership interest in, or perform services for, any other real estate service business or other competitive business anywhere.
r. Non-competition covenants after the franchise is terminated or expires Subsection 14.J. of Franchise Agreement Upon termination of the Franchise Agreement for cause, including abandonment of the Office, expiration of the Franchise Agreement without proper renewal after having provided notice of intent to renew, or the non-renewal of the Franchise Agreement after failing to provide notice of intent to renew, for a period of 1 year, neither you, nor if you are an entity, your owners, officers, or guarantors, or any of your or their spouses or domestic partners, may operate, manage, own or have an interest in any (i) existing or newly created real estate brokerage business that is a licensee, franchisee or affiliate of any franchising organization or non-franchised network including but not limited to a virtual brokerage that competes with RE/MAX Regional or RE/MAX, LLC; (ii) any franchising organization or non-franchised business of 2 or more offices that competes with RE/MAX Regional or REMAX, LLC; or (iii) a virtual brokerage whose products or services compete with the products or services offered by RE/MAX offices, RE/MAX Regional, or REMAX, LLC, nor may you sell the assets of the office to a licensee, franchisee or affiliate of any franchising organization or non-franchised network, including but not limited to a virtual real estate brokerage business whose products or
Provision Section in franchise or other agreement Summary
---- --------------------------------------------------- ------------------------------------------------------------------------------------------------ ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
services compete with the products and services
offered by RE/MAX offices, RE/MAX Regional
or
REMAX, LLC.
You will not be restricted from affiliation solely
as a real estate agent with a franchisee of any
franchising organization or non-franchised
network. However, for a period of 1 year from
the effective date of Abandonment, termination,
expiration, or non-renewal, you and your
Owners, officers and guarantors, as well as your
and their spouses and domestic partners, will be
restricted from affiliating with a virtual
brokerage
in which you receive a revenue stream or are
soliciting or have solicited your current or former
Sales Associates to affiliate with such virtual
brokerage.
s. Modification of the agreement Subsections 6.B., 6.C., 6.D., 6.N., 8.B., 8.K. and 15.N. of Franchise Agreement No modifications to the Franchise Agreement unless in writing and signed by all parties to the Franchise Agreement. The Brand Standards Manual is subject to change at the discretion of REMAX, LLC to the extent necessary to protect the RE/MAX Marks and goodwill.
t. Integration/merger clause Subsection 15.Z. of Franchise Agreement Nothing in the Franchise Agreement is intended to disclaim anything contained in this disclosure document. The Franchise Agreement supersedes any previous agreements and contains the entire agreement (subject to state law). No other representations, understandings or promises are binding.
u. Dispute resolution by Not Applicable
arbitration or mediation
v. Choice of forum Subsection 15.K. of Franchise Agreement Litigation must be in Colorado (subject to state law).
w. Choice of law Subsection 15.K. Colorado law applies (subject to state law).
of
Franchise Agreement
Provision Section in franchise or other agreement Summary
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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.
d. Termination by franchisee

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, Item 17 provides a table that outlines various provisions related to the franchise agreement. The table specifies where to find the complete details regarding these provisions within the franchise agreement and other related documents.

For instance, if a franchisee wants to understand the implications of death or disability on their franchise, the summary in the table directs them to Subsection 12.E. of the Franchise Agreement. Similarly, the non-competition covenants during the franchise term are detailed in Subsection 5.F. of the Franchise Agreement. The modification of the agreement can be found in Subsections 6.B., 6.C., 6.D., 6.N., 8.B., 8.K. and 15.N. of the Franchise Agreement. The integration/merger clause is located in Subsection 15.Z. of the Franchise Agreement. Choice of forum and law are specified in Subsection 15.K. of the Franchise Agreement.

For existing franchisees looking to renew their agreement, the requirements are listed in Subsection 2.E. of the Franchise Agreement and Renewal Addenda Sections 2 and 11 of Team Office Amendment. The agreement you would sign if you are an existing franchisee and are renewing the Team Office Amendment is attached as Exhibit A-4. These sections provide specific details on the conditions and procedures for renewal, including the need to meet certain standards, provide financial statements, and sign the current form of the Franchise Agreement.

It is important for prospective and current Remax franchisees to consult these specific sections within the Franchise Agreement and related documents to fully understand their rights and obligations. The table in Item 17 serves as a roadmap to locate these critical provisions.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.