Where in the Remax Franchise Agreement and Team Office Amendment are the franchisee's fee obligations described?

According to Remax's 2025 Franchise Disclosure Document, the franchisee's fee obligations related to Team Offices are detailed in several sections of the Team Office Amendment, which is incorporated into the Franchise Agreement. Specifically, Section 2 outlines the Team Office Initial Fee, which is a non-refundable $1,000 payable upon execution of the amendment. If the amendment is for the renewal of an existing Team Office (formerly known as Satellite Office), the franchisee must pay a Team Office Renewal Fee of $500.

Section 3 of the Team Office Amendment specifies the Monthly Ongoing Team Office Fee. Franchisees are required to pay $100 per month for each Team Office. This fee is considered late if not received by Remax Regional by the 10th day of the month after the Team Office opens, and by the 10th day of each month throughout the remainder of the Franchise Agreement term.

Item 12 of the FDD also references these fees, stating that a franchisee will be required to pay a Team Office Initial Fee of $1,000 (see Item 5), plus a Monthly Ongoing Team Office fee of $100 per month (see Item 6), for each Team Office that you open. If renewing, a franchisee will be required to sign the Team Office Amendment (attached as Exhibit A-4) and pay a Team Office renewal fee of $500, plus a Monthly Ongoing Team Office fee of $100 per month for each Team Office that you renew (see Item 6).

These sections clarify the initial, renewal, and ongoing monthly fees associated with operating a Remax Team Office, providing a clear understanding of the financial obligations for franchisees considering this expansion option. Prospective franchisees should carefully review these sections, along with Items 5 and 6, to fully understand the costs involved in establishing and maintaining a Team Office.