What was the net change in the number of total Remax outlets during 2023?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
Senior Vice President, Franchise Operations, RE/MAX Integrated Regions, LLC, 5075 South Syracuse Street, Denver, Colorado, 80237- 2712, (303) 770-5531, the Federal Trade Commission, and the appropriate state regulatory agencies.
OUTLETS AND FRANCHISEE INFORMATION
Table No. 1 RE/MAX REGIONAL Systemwide Outlet Summary For Years 2022 to 20241
| Outlet Type | Year | Outlets at the Start of the Year | Outlets at the End of the Year | Net Change | |---|---|---|---|---| | Franchised | 2022 | 497 | 502 | +5 | | | 2023 | 502 | 494 | -8 | | | 2024 | 494 | 475 | -19 | | Company-Owned | 2022 | 0 | 0 | 0 | | | 2023 | 0 | 0 | 0 | | | 2024 | 0 | 0 | 0 | | Total Outlets | 2022 | 497 | 502 | +5 | | | 2023 | 502 | 494 | -8 | | | 2024 | 494 | 475 | -19 | 1 These numbers are reflective of U.S. offices only.
Table No.
Source: Item 20 — **OUTLETS AND FRANCHISEE INFORMATION (FDD pages 89–108)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, there are two tables that summarize systemwide outlet information. The first table indicates that the net change in the number of total Remax outlets during 2023 was a decrease of 8, with 502 outlets at the start of the year and 494 at the end. The second table shows a net decrease of 103, with 3477 outlets at the start of 2023 and 3374 at the end of the year.
It is important to note that the FDD contains two different summaries of the total number of Remax outlets. The first table, titled "RE/MAX REGIONAL Systemwide Outlet Summary For Years 2022 to 20241", appears to only include a subset of Remax franchises. The second table, titled "Systemwide Outlet Summary For Years 2022 to 2024" includes all Remax franchises.
As a prospective franchisee, it would be prudent to clarify with Remax the reasons for the discrepancies between these tables and to understand which table provides a more accurate representation of the overall system size and changes in outlet numbers. Understanding the dynamics of outlet openings, closures, and net changes is crucial for assessing the stability and growth potential of the Remax franchise system.