What is the significance of the Addendum to the Franchise Disclosure Document for RE/MAX Integrated Regions, LLC?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
ng. Please review each of the following questions carefully and provide honest responses to each question. Please circle or check your answer to each question.
| 1. | I have received, personally reviewed, and understand the information contained in the Franchise Disclosure Document, including the attached exhibits, such as the Team Office Amendment. | ||
|---|---|---|---|
| True | False | ||
| 2. | I acknowledge that I have had the opportunity—whether or not I may have chosen to do so—to discuss with my | ||
| attorney, accountant, or other professional advisor the benefits and risks of opening a Team Office. | |||
| True | False | ||
| 3. | I am relying upon information I received concerning RE/MAX Integrated Regions, LLC and not information | ||
| concerning any parent company of RE/MAX Integrated Regions, LLC. | |||
| True | False | ||
| 4. | Has any employee or other person speaking on behalf of RE/MAX Integrated Regions, LLC made any | ||
| representations, assurances, guarantees, or promises regarding the following in reference to operating a Team | |||
| Office? | |||
| Revenues? | Yes | No | |
| Profits? | Yes | No | |
| Likelihood of Success? | Yes | No | |
| 5. | Do you understand that the success of your Team Office will depend in large part upon your skills and abilities, | ||
| competition from other businesses, interest rates, inflation, supply costs, lease terms and other economic and | |||
| business factors? | |||
| Yes | No | ||
| 6. | Do you understand that in all dealings with you, the officers, directors, employees and agents of RE/MAX | ||
| Integrated Regions, LLC act only in a representative capacity and not in an individual capacity and such dealings | |||
| are solely between you and RE/MAX Integrated Regions, LLC? | |||
| Yes | No | ||
| 7. | Has any employee or other person speaking on behalf of RE/MAX, LLC made any representations, assurances, | ||
| guarantees or promises that you will have or receive any type of territorial rights or protection? | |||
| Yes | No | ||
| 8. | Do you understand that we and our affiliates have the right to grant franchises, team offices, or operate competing | ||
| businesses at any location whatsoever, as we may determine, including a location near your main Office location | |||
| or near your Team Office? | |||
| Yes | No | ||
| 9. | Has any employee or other person speaking on behalf of RE/MAX Integrated Regions, LLC made any | ||
| representations, assurances, guarantees or promises that are contrary to, or different from, the information | |||
| contained in the Franchise Disclosure Document? |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, the addendum, such as the Team Office Amendment, is a crucial part of the Franchise Disclosure Document. Franchisees must acknowledge that they have personally reviewed and understood all information within the Franchise Disclosure Document, including any attached exhibits, addenda, and riders. This indicates that the addendum contains important information that prospective franchisees need to consider.
Specifically, the franchisee must confirm they had the opportunity to discuss the benefits and risks of opening a Team Office with a professional advisor. This suggests the addendum provides details about the operation of a Team Office, which may differ from a standard Remax franchise. The questionnaire emphasizes that franchisees should rely solely on information provided by RE/MAX Integrated Regions, LLC, and not on any representations made by its parent company, ensuring clarity and accountability.
Furthermore, the questionnaire addresses potential misrepresentations by requiring franchisees to confirm whether any employee of RE/MAX Integrated Regions, LLC made promises about revenues, profits, or the likelihood of success. It also clarifies that the success of the Remax franchise depends on the franchisee's skills, market conditions, and other external factors. This proactive approach aims to prevent misunderstandings and unrealistic expectations, ensuring that franchisees are well-informed about the realities of operating a Remax franchise or Team Office.
Finally, the document highlights that Remax and its affiliates retain the right to grant franchises or operate competing businesses, even near the franchisee's location, and that the franchisee is expected to grow the Remax brand by recruiting and retaining Sales Associates, and that failure to meet Minimum Agent Count may result in termination of the franchise agreement. This underscores the importance of understanding the terms and conditions outlined in the Franchise Disclosure Document and its addenda, as they directly impact the franchisee's rights and obligations.