For a Remax franchise, how many calendar days before any payment to Remax or its affiliates must be observed?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
IF RE/MAX INTEGRATED REGIONS, LLC ("WE" OR "US") OFFERS YOU A FRANCHISE, WE MUST PROVIDE THIS DISCLOSURE DOCUMENT TO YOU BY THE EARLIER OF:
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- 14 CALENDAR DAYS BEFORE YOU SIGN A BINDING AGREEMENT WITH US OR OUR AFFILIATE(S) IN CONNECTION WITH THE PROPOSED FRANCHISE SALE, OR
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- 14 CALENDAR DAYS BEFORE ANY PAYMENT TO US OR OUR AFFILIATE(S).
IF WE DO NOT DELIVER THIS DISCLOSURE DOCUMENT ON TIME OR IF IT CONTAINS A FALSE OR MISLEADING STATEMENT, OR A MATERIAL OMISSION, A VIOLATION OF FEDERAL LAW AND STATE LAW MAY HAVE OCCURRED AND SHOULD BE REPORTED TO THE FEDERAL TRADE
COMMISSION, WASHINGTON, DC 20580 AND THE STATE AGENCIES LISTED IN EXHIBIT H.
Source: Item 23 — RECEIPTS (FDD pages 473–476)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, Remax Integrated Regions, LLC must provide the disclosure document to prospective franchisees at least 14 calendar days before any payment is made to Remax or its affiliates. This requirement ensures that potential franchisees have adequate time to review the FDD and make informed decisions before committing any funds.
This 14-day period is designed to protect franchisees by allowing them to carefully consider the terms of the franchise agreement, assess the risks and benefits, and seek professional advice if needed. It also helps to prevent franchisees from feeling pressured into making hasty financial commitments before they fully understand the obligations and responsibilities involved in owning a Remax franchise.
If Remax fails to deliver the disclosure document on time, or if the document contains false, misleading, or omits material information, it may constitute a violation of federal and state laws. In such cases, prospective franchisees are advised to report the violation to the Federal Trade Commission and the relevant state agencies listed in Exhibit H of the FDD.