How many Remax franchise transfers occurred in Illinois during 2023?

According to Remax's 2025 Franchise Disclosure Document, there were six franchise transfers in Illinois during 2023. The table provided in Item 20 of the FDD outlines the number of franchise transfers that occurred in various states over the past three years. This information can be helpful for potential franchisees to understand the stability and turnover of Remax franchises in specific geographic areas.

Franchise transfers can occur for various reasons, such as a franchisee retiring, selling their business, or facing financial difficulties. A higher number of transfers may indicate a more dynamic market or potential challenges within the franchise system in that state. Conversely, a lower number of transfers could suggest greater stability and satisfaction among franchisees.

It's important for prospective Remax franchisees to consider these transfer rates in conjunction with other factors, such as the number of terminations, non-renewals, and overall outlet growth in Illinois. This comprehensive view will provide a more nuanced understanding of the health and performance of Remax franchises in the state. Talking to existing and former franchisees in Illinois can provide additional context and insights into the reasons behind these transfers.