What is the implication of the number of offices or agents being unaudited in the consolidated financial statements for Remax?

According to the 2025 Remax Franchise Disclosure Document, any reference to the number of offices or agents in the notes to the consolidated financial statements are unaudited. This means that while Remax may present figures regarding the size and reach of its network, these numbers have not been independently verified by an auditor.

For a potential franchisee, this has several implications. The unaudited nature of these figures suggests a higher degree of risk. While the numbers may be accurate, there is no guarantee, and a franchisee should not rely solely on these figures when evaluating the potential of a Remax franchise. It is common practice for franchisors to include independently audited financial statements to provide assurance to potential franchisees.

Prospective franchisees should perform their own due diligence to verify the accuracy of the number of offices and agents. This could include directly contacting existing franchisees, researching market data from third-party sources, and carefully analyzing the overall financial health and growth trends of Remax. Requesting additional documentation or clarification from Remax regarding the methodology used to calculate these figures may also be beneficial.

Ultimately, the unaudited nature of these figures highlights the importance of independent verification and critical evaluation when considering a franchise investment with Remax. While the Remax brand may present a compelling opportunity, potential franchisees must take responsibility for validating the information provided and assessing the associated risks.