If any member or manager of a Remax franchise LLC is a business entity, what additional ownership information must be provided?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
(If any of the owners of these managers are Business Entities and not individuals, please attach additional sheets to show their owners, their addresses (residential address, if an individual) and their percentage ownership interests until the individual level is reached.)
- List below the names, residence addresses and title of each officer of the LLC, if any: a. b. c. d. (if more space is required, attach additional sheets hereto) 6. List below the name of the validly licensed real estate broker under whose license the Office will be conducted: I certify that this Exhibit is true and complete as of the date set forth below and acknowledge my obligation under Subsection 8.E. to update this Exhibit whenever there are changes in the information above. Please submit a copy of the Franchise Owner's Articles of Organization and Operating Agreement or LLC Agreement (with any and all amendments, if applicable) to RE/MAX Integrated Regions, LLC.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, if any of the owners of the managers of a Remax franchise are business entities rather than individuals, the franchisee must attach additional sheets. These sheets should detail the owners of those business entities, including their addresses (residential if an individual) and their percentage ownership interests. This process continues until the individual level of ownership is reached, ensuring that Remax has a complete understanding of the ownership structure.
This requirement is in place to ensure transparency and to allow Remax to assess the qualifications, business skills, financial capability, and personal character of all individuals who ultimately control the franchise. Remax relies on these factors when entering into a franchise agreement. The additional information helps Remax maintain standards and protect the brand's reputation.
Prospective franchisees should be prepared to provide detailed organizational charts and ownership information for all business entities involved in the ownership structure of the Remax franchise. This includes submitting copies of the Franchise Owner's Articles of Organization and Operating Agreement or LLC Agreement with all amendments to RE/MAX Integrated Regions, LLC.