Does RE/MAX, LLC waive the right to receive notice of default by the Subfranchisor?

According to the 2025 Remax Franchise Disclosure Document, RE/MAX, LLC, as the Guarantor, does not waive the right to receive notice of default on the part of the Subfranchisor, RE/MAX Integrated Regions, LLC. This is explicitly stated in the Guarantee of Performance. The guarantee ensures the Subfranchisor's obligations under franchise registrations in Indiana, Minnesota, Rhode Island, and Wisconsin, as well as Franchise Agreements entered after April 2, 2025, are met.

This means that if RE/MAX Integrated Regions, LLC fails to meet its obligations to its franchisees in the specified states, RE/MAX, LLC is guaranteeing the performance of those obligations. However, RE/MAX, LLC retains the right to be informed if RE/MAX Integrated Regions, LLC defaults on its obligations. This is a standard protection for the guarantor, allowing them to take steps to mitigate potential losses or intervene to ensure compliance.

For a prospective Remax franchisee, this guarantee provides an added layer of security, particularly if their franchise agreement falls under the purview of RE/MAX Integrated Regions, LLC in the listed states. It assures that the parent company, RE/MAX, LLC, stands behind the subfranchisor's commitments. However, it is important to note that this guarantee continues until all obligations are satisfied or the liability of the Subfranchisor to its franchisees has been completely discharged. The guarantor is not discharged from liability if a claim by a franchisee against the Subfranchisor remains outstanding.