What are some of the obligations of a Remax Regional and Franchise Owner upon the expiration of the franchise?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
similar costs, expenses and fees as charged by MLS or other applicable association, including all MLS Fees. | | | BoldTrail Back Office | Third Party Integrations | 1 third-party integration (e.g. CRM, transaction management integrations beyond BoldTrail, and other similar integrations) is included. Additional third-party integrations are available for an additional cost of $50 per integration, per month. | |SECTION PAGE
| IINAT | HTS AND OBLIGATIONS OF REMAX REGIONAL AND FRANCHISE OWNER ION OR EXPIRATION OF THE FRANCHISE OR ABANDONMENT OF THE OFFI | CE OR | |
|---|---|---|---|
| ION OR EXPIRATION OF THE REGIONAL FRANCHISE AGREEMENT BET | |||
| REMA | AX RE | GIONAL AND REMAX, LLC | |
| A. | PAYMENT OF AMOUNTS OWED TO REMAX REGIONAL AND REMAX, LLC | ||
| В. | DE-IDENTIFICATION | ||
| C. | CONFIDENTIAL INFORMATION. | ||
| D. | CONTINUING OBLIGATIONS. | ||
| E. | MONETARY OBLIGATIONS NOT RELEASED. | ||
| F. | TERMINATION NOT EXCLUSIVE REMEDY. | ||
| G. | RIGHT TO MEET WITH SALES ASSOCIATES. | 51 | |
| H. | DAMAGES. | ||
| I. | FUTURE BUSINESS AND RESIDENCE ADDRESSES | 51 | |
| J. | POST TERMINATION NON-COMPETITION AGREEMENT. | 51 | |
| K. | ERRORS AND OMISSIONS INSURANCE | 52 | |
| L. | TERMINATION OF REGIONAL FRANCHISE AGREEMENT BETWEEN REMAX REG | IONAL | |
| AND REMAX, LLC | |||
| 15. | CON | STRUCTION OF AGREEMENT AND ENFORCEMENT | 53 |
| 10. | A. | INVALID PROVISIONS; |
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, several obligations exist for both Remax Regional and Franchise Owners upon the expiration of the franchise agreement. These obligations encompass various aspects, including financial responsibilities, de-identification from the Remax brand, handling confidential information, and adherence to continuing obligations. Monetary obligations remain, and termination of the agreement does not serve as an exclusive remedy.
Specifically, Remax Regional and Franchise Owners must ensure the payment of all outstanding amounts owed to both Remax Regional and Remax, LLC. They are also obligated to de-identify their business, which involves removing all Remax branding and trademarks from their business premises and materials. The handling of confidential information remains a critical responsibility, ensuring that proprietary information is not disclosed or misused.
Furthermore, franchisees are required to purchase an extended reporting period endorsement for their errors and omissions insurance, covering a three-year period from the date of termination or abandonment. These stipulations ensure that both parties fulfill their duties even after the franchise agreement concludes, maintaining brand integrity and protecting confidential information.