May Remax franchisees be required to complete educational courses as a condition of renewal?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee1 | Amount | Due Date | Remarks |
|---|---|---|---|
| Initial Education | $0 | Not Applicable. | Initial Education is required. You will be required to pay for all related travel, meal, lodging and entertainment expenses. (See Item 11 for more detail.) |
| Recruiting 101 | $599 | Not Applicable. | Recruiting 101 is required. You will be required to pay for all related travel, meal, lodging and entertainment expenses. (See Item 11 for more detail.) |
| Broker/Owner Meetings and Retreats | $0 - $550 registration fee | Upon receipt of invoice. | Attendance is highly recommended; you must pay for all related travel, meal, lodging and entertainment expenses (if any). |
| Educational Courses | $50 - $2,000 Extra fees may be charged for educational and certification classes for professional credit, if offered. | 10 days after billing or at registration. | You may be required to complete, at your expense, certain educational courses as a condition of renewal. (See Item 11 for more detail.) |
Source: Item 5 — INITIAL FEES (FDD pages 29–43)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, franchisees may be required to complete certain educational courses as a condition of renewing their franchise agreement. The cost for these Educational Courses ranges from $50 to $2,000, with extra fees potentially charged for educational and certification classes needed for professional credit, if offered. These fees are due 10 days after billing or at registration. Item 11 provides more detail about these educational requirements.
This requirement means that a Remax franchisee needs to factor in the potential cost and time commitment of ongoing education to maintain their franchise. The specific courses and their costs can vary, so it's important for prospective franchisees to understand what these requirements might entail in their specific region and market. This is a fairly common practice in the real estate industry, as continuing education ensures that franchisees and their agents stay up-to-date with changing regulations and best practices.
Prospective franchisees should carefully review Item 11 of the FDD, as referenced in the table, to gain a comprehensive understanding of the specific educational courses that may be required for renewal. They should also inquire with existing franchisees and the franchisor about the typical costs and time commitments associated with these courses to accurately assess the ongoing investment required to maintain a Remax franchise.