How long is the initial term of a Remax franchise agreement, assuming no other term is specified and initialed in the agreement?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
The term of the Franchise will begin on the Agreement Date and continue for a period of 5 years, or longer if a greater number is written in the following box and initialed by the parties ("Term"), unless the Franchise is terminated earlier pursuant to the provisions of this Agreement. Termination or expiration of this Agreement will constitute termination or expiration of your Franchise and the Limited License (as defined below) to use the RE/MAX Marks conferred by Section 4 of this Agreement.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the standard initial term for a Remax franchise is 5 years, beginning on the agreement date. However, the agreement allows for a longer term if a greater number of years is written in a designated box and initialed by both parties.
This means that as a prospective Remax franchisee, you can expect the initial franchise agreement to last for 5 years unless you and Remax specifically agree to a longer term in writing. This provides a defined period for you to establish and operate your Remax office under the terms of the franchise agreement.
It is important to note that the franchise can be terminated earlier than the specified term if you fail to comply with the provisions of the agreement. Upon termination or expiration of the agreement, your rights to use the RE/MAX marks and operate under the Remax system also cease.