For Remax offices located in Indiana, by what date is the Regional Development fee considered late?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
other funds. A portion of your annual contributions to the Hot Air Balloon Fund will be used to pay administrative expenses reasonably related to the direction and implementation of the Hot Air Balloon Fund's purposes described above. As part of those administrative expenses, the Hot Air Balloon Fund pays REMAX, LLC amounts equivalent to salaries, travel, rent and other expenses it incurs in administering the Hot Air Balloon Fund.
F. REGIONAL DEVELOPMENT FEE. (INDIANA ONLY)
If your Office is located in Indiana, you agree to pay REMAX Regional or its designee a Regional Development fee of $200 per month if your Office is in a high-density area (an area with a general population of more than 30,00 people) or $150 per month if your Office is a low-density area (an area with a general population of less than 30,000 peo
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, Remax offices located in Indiana are required to pay a Regional Development fee. The amount of this fee depends on whether the office is in a high-density area (population over 30,000) or a low-density area (population under 30,000 and substantially distant from a major urban area). The fee is $200 per month for high-density areas and $150 per month for low-density areas.
For Remax franchisees in Indiana, the Regional Development fee is considered late if it is not received by Remax Regional by the 10th day of the month after the office opens. Subsequently, the fee is due and considered late if not received by the 10th day of each month throughout the remainder of the franchise agreement term.
Remax Regional has the right to increase the Regional Development fee once per calendar year, but the increase cannot exceed 20% of the current fee amount. This means that a Remax franchisee needs to be aware of potential fee increases and factor them into their financial planning. It is important for prospective franchisees to understand these payment terms and potential increases to accurately forecast their operating expenses.