What are RE/MAX Integrated Regions, LLC's options if a Remax Annual Payment is late?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
If you fail to make any payments to us or REMAX, LLC by their due date, you agree to pay us or REMAX, LLC as the case may be: (a) a late charge equal to 20% of the amount due in the case of delinquent Annual Dues and 10% of the amount due in the case of all other delinquent fees and charges, or if such rates exceed the highest rate permitted by applicable law, then at the highest rate permitted by applicable law; and (b) with the exception of Annual Dues, interest on all amounts owed but unpaid at the rate of 1% per month compounded, or if such rate exceeds the highest rate permitted under applicable law, then at the highest rate legally permitted. If we or REMAX, LLC are ever deemed to have contracted for, charged or received interest on any overdue sums in an amount that exceeds the amount permitted under applicable law, then such excess amount shall be deemed intended for, and will be applied as, payment of outstanding fees or other amounts due under this Agreement and, if no such amounts remain outstanding, such excess shall be returned to you.
This Note constitutes part performance of the Franchise Agreement, and as such, shall be read and interpreted in a manner consistent with the terms of the Franchise Agreement which provides that a default under the
of the default.
terms of this Note shall be grounds for termination of the Franchise Agreement. Accordingly, RE/MAX Integrated Regions, LLC may, in addition to the collection provisions of paragraphs 3 and 4 above, terminate the Franchise Agreement under the provisions of Section 13 of the Franchise Agreement.
No delay or omission on the part of RE/MAX Integrated Regions, LLC in exercising any right hereunder shall operate as a waiver of such right or of any other right of RE/MAX Integrated Regions, LLC, nor shall any deal, omission or waiver on any one occasion with respect to any right hereunder be deemed a bar to or a waiver of the same or any other right on any future occasion.
No waiver of any right shall be effective unless in writing and signed by RE/MAX Integrated Regions, LLC.
If the Franchise Agreement is terminated pursuant to Section 13 therein, then this Promissory Note shall immediately become due and payable, without notice, together with reasonable attorneys' fees if collection is placed in the hands of an attorney to obtain or enforce payment.
If you fail to satisfy any of your obligations under this Agreement including but not limited to making required payments, or if you Abandon the Office, or in response to a Crisis (as defined in Subsection 8.P.), we and/or REMAX, LLC shall have the right to suspend, during such period of default, delinquency or Crisis, any or all benefits and services afforded to you or your Sales Associates. Among other remedies (including, as applicable, the assessment of late charges and interest as set forth above), REMAX Regional or REMAX, LLC will have the right to: suspend your access to MAX/Center, BoldTrail Back Office Software and/or any other electronic platforms that REMAX Regional or REMAX, LLC may make available) as well as tools and resources available via the Agent Tools Platform; remove your name and the names of your Sales Associates from the find an affiliate/office feature ("RE/MAX Roster"*) available on MAX/Center and the remax.com website; declare you and your Sales Associates ineligible for REMAX, LLC performance awards as well as referrals from REMAX, LLC's lead referral system including Lead Concierge; and bar you and your Sales Associates from registering, attending or participating in REMAX, LLC's annual convention and other conferences. Suspension of these or any other benefits and services shall not be an exclusive remedy and shall not in any way affect our rights to receive or collect all outstanding fees, dues and other amounts owed by you or to terminate this Agreement because of your failure to make payments or to satisfy any of your other obligations required under this Agreement.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, if a franchisee fails to make payments to Remax or RE/MAX, LLC by the due date, they will incur a late charge. For delinquent Annual Dues, this late charge is equal to 20% of the amount due. Additionally, Remax has the right to suspend benefits and services to the franchisee and their sales associates during the period of default. These suspended benefits can include access to MAX/Center and BoldTrail Back Office Software, removal from the RE/MAX Roster, ineligibility for performance awards and lead referrals, and barring attendance from RE/MAX, LLC's annual convention and other conferences.
RE/MAX Integrated Regions, LLC can also terminate the Franchise Agreement if the franchisee defaults on the terms of a Promissory Note, which constitutes part performance of the Franchise Agreement. If the Franchise Agreement is terminated, any outstanding balance on the Promissory Note becomes immediately due and payable, along with reasonable attorneys' fees if collection requires legal action.
Furthermore, any delay or omission on the part of RE/MAX Integrated Regions, LLC in exercising any right does not act as a waiver of that right or any other right. No waiver is effective unless it is in writing and signed by RE/MAX Integrated Regions, LLC. This ensures that Remax retains all its rights and options even if it does not immediately act upon a late payment.