factual

Which items in the Remax Disclosure Document relate to the franchisee's pre-opening purchases and leases?

Remax Franchise · 2025 FDD

Answer from 2025 FDD Document

Obligation Section in agreement Disclosure document item
a. Site selection and acquisition/lease Subsections 2.A. and 2.C., Section 3, and Subsection 13.B.(1) of Franchise Agreement Items 7, 11 and 12
b. Pre-opening Section 3 and Subsections 8.B., 8.D. and Items 7 and 8
purchases/leases 8.L. of Franchise Agreement
c. Site development and other pre-opening requirements Section 3, Subsections 8.A., 8.B., 8.C., 8.D., 8.F., 8.G., 8.J. and Subsection 13.B.(2) of Franchise Agreement Items 7, 11 and 12

Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 53–56)

What This Means (2025 FDD)

According to Remax's 2025 Franchise Disclosure Document, Item 9 outlines the franchisee's obligations, referencing specific sections within the franchise agreement and corresponding disclosure document items. Specifically, obligation 'b' addresses 'Pre-opening purchases/leases,' and indicates that Section 3 and Subsections 8.B., 8.D. and 8.L. of the Franchise Agreement relate to Items 7 and 8 of the disclosure document. This suggests that Items 7 and 8 contain information regarding the franchisee's responsibilities and requirements related to pre-opening purchases and leases.

Item 9 also includes obligation 'a. Site selection and acquisition/lease' which refers to Subsections 2.A. and 2.C., Section 3, and Subsection 13.B.(1) of the Franchise Agreement and connects them to Items 7, 11 and 12 of the Disclosure Document. Furthermore, obligation 'c. Site development and other pre-opening requirements' refers to Section 3, Subsections 8.A., 8.B., 8.C., 8.D., 8.F., 8.G., 8.J. and Subsection 13.B.(2) of the Franchise Agreement and connects them to Items 7, 11 and 12.

Prospective Remax franchisees should carefully review Items 7 and 8, along with Items 11 and 12, of the FDD in conjunction with the specified sections of the Franchise Agreement to fully understand their obligations regarding site selection, acquisition/lease, pre-opening purchases/leases, and site development. Understanding these obligations is crucial for budgeting and planning the initial setup of their Remax franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.