What form must a Remax franchisee furnish to report a Sales Associate's termination?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
Immediately upon a Sales Associate's termination, you must furnish us with a status change form (or such other form as we may designate) reflecting the termination. If you fail to timely report the termination of a Sales Associate, you will be billed for, and required to pay, Monthly Ongoing Fees and Marketing Fund fees for each month the Sales Associate was not in your Office until the date you report the Sales Associate terminated.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, when a Sales Associate is terminated, a Remax franchisee must furnish a status change form, or another form designated by Remax, to reflect the termination. This form must be submitted immediately upon the Sales Associate's termination.
Failure to report the termination of a Sales Associate in a timely manner can result in financial penalties for the franchisee. Remax will bill the franchisee for Monthly Ongoing Fees and Marketing Fund fees for each month the Sales Associate was not in their office until the date the termination is reported.
This requirement ensures that Remax maintains accurate records of its network of Sales Associates and receives the appropriate fees. Franchisees should ensure they have a system in place to promptly report any terminations to avoid incurring unnecessary charges.