What is required of a Remax franchisee in the event of termination of the Team Office?

According to Remax's 2025 Franchise Disclosure Document, if a Team Office Amendment is terminated, the franchisee must adhere to the de-identification requirements outlined in Section 14 of the Franchise Agreement.

The Team Office Amendment can be terminated under several conditions, including the transfer, termination, abandonment, or expiration of the Franchise Agreement itself. Remax Regional also has the right to terminate the Team Office Amendment if the franchisee fails to pay monies when due and does not cure the breach within 10 days of written notice. Additionally, if the franchisee fails to maintain at least two Sales Associates registered with the Team Office or breaches any other non-monetary provision and fails to cure it within 30 days of written notice, termination can occur.

It is important to note that upon receiving a termination notice, the franchisee has a specified period to rectify the default. Failure to do so results in automatic termination of the Team Office operation rights without further notice from Remax. Therefore, Remax franchisees need to be aware of the conditions that can lead to termination of the Team Office Amendment and ensure compliance with the Franchise Agreement to avoid such outcomes.