Which items in the Remax Disclosure Document relate to the franchisee's pre-opening purchases and leases?
Remax Franchise · 2025 FDDAnswer 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.