What representations and warranties does a Remax Receiving Broker/Agent make regarding their qualifications and conduct when receiving referrals from BTRN?

According to the 2025 Remax Franchise Disclosure Document, a Receiving Broker/Agent who receives referrals from BTRN (BTRN, LLC) makes specific representations and warranties. The Receiving Broker/Agent must be a licensed real estate broker or sales agent with the legal authority to enter into the referral agreement. They are solely responsible for complying with all applicable laws, including state and local requirements. Furthermore, they must conduct their business with Referred Clients in a professional manner. If the agent is an individual real estate sales agent required to be employed under a broker, they must acknowledge that they have obtained their broker's permission to use BTRN.

These representations and warranties are important because they establish the legal and ethical standards that Remax expects its agents to uphold when dealing with clients referred through the BTRN program. By agreeing to these terms, the Receiving Broker/Agent assures BTRN and Remax that they are qualified, compliant, and will act professionally. This helps protect the interests of the clients and maintain the reputation of both BTRN and Remax.

Failure to meet these obligations could result in legal and financial repercussions for the Receiving Broker/Agent. For example, if an agent is found to be in violation of real estate laws or acts unprofessionally, they could face disciplinary action from regulatory bodies, as well as potential lawsuits from clients. Remax and BTRN could also take action against the agent, including terminating the referral agreement and seeking damages for any harm caused by the agent's actions. Therefore, it is crucial for prospective Remax franchisees to fully understand and comply with these representations and warranties to avoid potential problems and maintain a successful business relationship with Remax and BTRN.