What is the required notice period for Remax to revoke a previously granted waiver or reduction of an obligation or restriction?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
From time-to-time and solely as determined by REMAX Regional, REMAX Regional may offer certain existing franchisees that acquire additional offices, or a prospective franchisee that is converting an existing real estate office to RE/MAX or merging with another real estate office, a waiver, deferral, reduction, or restructuring of certain monthly fees or Annual Dues due to REMAX, LLC under this Agreement ("Expansion Incentives"). REMAX
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the company may offer existing franchisees who acquire additional offices, or prospective franchisees converting an existing real estate office to Remax or merging with another real estate office, "Expansion Incentives". These incentives can include a waiver, deferral, reduction, or restructuring of certain monthly fees or Annual Dues owed to Remax, LLC.
The FDD does not specify a particular notice period required for Remax to revoke a previously granted waiver or reduction of an obligation or restriction.
As the FDD does not specify the notice period required to revoke a waiver, a prospective franchisee should ask Remax about the conditions under which these incentives could be revoked and what notice period Remax would provide before doing so. This information is crucial for understanding the long-term financial implications of accepting such incentives.