If purchasing an existing Remax office, what financial information might Remax provide?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
Financial performance information that differs from that included in Item 19 may be given only if: (1) a franchisor provides the actual records of an existing RE/MAX® office you are considering buying; or (2) a franchisor supplements the information provided in this Item 19, for example, by providing information about possible performance at a particular location or under particular circumstances.
We do not make any representations about a franchisee's future financial performance or the past financial performance of company-owned or franchised outlets. We also do not authorize our employees or representatives to make any such representations either orally or in writing. If you are purchasing an existing RE/MAX® office, however, we may provide you with the actual records of that outlet. If you receive any other financial performance information or projections of your future income, you should report it to the subfranchisor's management by contacting Josh Bolgren, Senior Vice President, Franchise Operations, RE/MAX Integrated Regions, LLC, 5075 South Syracuse Street, Denver, Colorado, 80237- 2712, (303) 770-5531, the Federal Trade Commission, and the appropriate state regulatory agencies.
Source: Item 19 — Financial Performance Representations (FDD page 89)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, Remax may provide prospective franchisees with the actual financial records of an existing Remax office if they are considering buying it. This is an exception to Remax's general policy of not making representations about future or past financial performance.
This provision allows potential buyers to review concrete data about the specific franchise they're interested in, rather than relying solely on general financial performance representations. This information is crucial for making an informed decision, as it provides insight into the actual revenue, expenses, and profitability of the particular Remax office.
It is important to note that any other financial performance information or projections received, beyond the actual records of the office being purchased, should be reported to Remax's management, the Federal Trade Commission, and appropriate state regulatory agencies. This ensures transparency and helps prevent misleading financial representations during the franchise sales process.