Does the Remax Franchisee Disclosure Questionnaire for a Team Office require acknowledgement of the opportunity to discuss the benefits and risks of opening a Team Office with an attorney, accountant, or other professional advisor?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | I have received, personally reviewed, and understand the information contained in the Franchise Disclosure Document, including the attached exhibits, such as the Team Office Amendment. | ||
|---|---|---|---|
| True | False | ||
| 2. | 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 opening a Team Office. | |||
| True | False |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the Franchisee Disclosure Questionnaire for a Team Office requires acknowledgement of the opportunity to discuss the benefits and risks of opening a Team Office with a professional advisor. Specifically, the questionnaire includes a statement where the franchisee acknowledges they have had the opportunity to discuss the benefits and risks with their attorney, accountant, or other professional advisor, whether or not they chose to do so.
This acknowledgement is important because it confirms that Remax has provided the franchisee with the opportunity to seek independent advice before making a final decision. It also serves to protect Remax from potential future claims that the franchisee was not fully informed about the risks and benefits of opening a Team Office. By signing the questionnaire, the franchisee is confirming that they were given the chance to consult with professionals who could help them assess the opportunity.
Prospective Remax franchisees should carefully consider this acknowledgement and take the opportunity to consult with an attorney, accountant, or other professional advisor. These advisors can help the franchisee understand the legal and financial implications of the franchise agreement and assess the potential risks and rewards of opening a Team Office. While not mandatory, seeking professional advice is a prudent step for any individual considering a franchise investment.