What is included in the consolidated financial statements of Remax, LLC?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
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The accompanying consolidated financial statements ("financial statements") and notes thereto have been prepared in accordance with U.S. generally accepted accounting principles ("U.S. GAAP") and include the accounts of RE/MAX, LLC and its consolidated subsidiaries. All significant intercompany accounts and transactions have been eliminated. In the opinion of management, the accompanying financial statements reflect all normal and recurring adjustments necessary to present fairly the Company's financial position as of December 31, 2024 and 2023, the results of its operations and comprehensive income (loss), changes in its member's equity and its cash flows for the years ended December 31, 2024, 2023 and 2022.
Use of Estimates
The preparation of the accompanying financial statements in conformity with U.S.
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the consolidated financial statements include the accounts of RE/MAX, LLC and its consolidated subsidiaries. These financial statements have been prepared following U.S. generally accepted accounting principles (U.S. GAAP). All significant intercompany accounts and transactions have been eliminated during the consolidation process.
Management believes that these financial statements accurately reflect the company's financial position as of December 31, 2024 and 2023. They also present the results of operations, comprehensive income (loss), changes in member's equity, and cash flows for the years ended December 31, 2024, 2023, and 2022. The preparation of these statements requires management to make estimates and assumptions that could affect the reported amounts of assets, liabilities, revenues, and expenses.
Furthermore, the document mentions that management evaluated activities through March 28, 2025, the date the financial statements were issued, and determined that no subsequent events occurred that would require recognition or disclosure, except as disclosed in Note 11, Commitments and Contingencies.