Does the Remax Franchisee Disclosure Questionnaire require franchisees to acknowledge they had the opportunity to discuss the benefits and risks of operating a Remax franchise with a professional advisor?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | I have received, personally reviewed, and understand the Franchise Agreement and each exhibit, addendum, and rider attached to it. | ||
|---|---|---|---|
| True | False | ||
| 2. | I have received, personally reviewed, and understand the information contained in the Franchise Disclosure | ||
| Document. | |||
| True | False | ||
| 3. | I acknowledge that I have had the opportunity—whether or not I may have chosen to do so—to discuss with | ||
| my attorney, accountant, or other professional advisor the benefits and risks of operating a RE/MAX real | |||
| estate brokerage office franchise, and I understand those benefits and risks. | |||
| True | False |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, the Franchisee Disclosure Questionnaire includes an acknowledgement that the franchisee has had the opportunity to discuss the benefits and risks of opening a Remax real estate brokerage office franchise with a professional advisor. Specifically, the franchisee acknowledges they had the opportunity to discuss these aspects with their attorney, accountant, or other professional advisor. The franchisee indicates whether they agree with this statement by selecting "True" or "False".
This acknowledgement is important because it confirms that Remax encourages prospective franchisees to seek independent advice before investing in a franchise. It also serves as a record that the franchisee was given the opportunity to understand the potential benefits and risks involved. By signing the questionnaire, the franchisee is representing that they have responded truthfully to the questions and that Remax will rely on their answers.
It is a common practice in the franchise industry for franchisors to include such acknowledgements in their disclosure documents. This helps to ensure that franchisees are making informed decisions and are aware of the potential challenges and rewards of franchise ownership. Prospective franchisees should take this opportunity seriously and consult with qualified professionals to fully understand the implications of investing in a Remax franchise.