If any shareholder or stockholder of a Remax franchise is a business entity, what additional information about the owners of that business entity must be provided?

According to Remax's 2025 Franchise Disclosure Document, if any of the owners of the shareholders or stockholders of a Remax franchise are business entities rather than individuals, additional information must be provided. This includes attaching additional sheets to show the owners of those business entities, their addresses (residential if an individual), and their percentage ownership interests. This information must be provided until the individual level of ownership is reached, ensuring transparency in the ownership structure of the Remax franchise.

This requirement ensures that Remax knows who ultimately controls and benefits from the franchise. This is important for maintaining the integrity of the Remax brand and ensuring compliance with franchise agreements. By requiring disclosure down to the individual level, Remax can assess the qualifications, financial resources, and character of those who ultimately have a stake in the franchise.

For a prospective Remax franchisee, this means that if your ownership structure involves multiple layers of business entities, you will need to provide detailed information about the ownership of each entity until the individuals with ultimate ownership are identified. This may require additional administrative effort to gather and present the required information. Franchisees should be prepared to provide this information as part of their application and to update it as necessary throughout the term of the franchise agreement.