When signing the franchise agreement for a Remax franchise, does the franchisee acknowledge they have personally reviewed and understand the Franchise Agreement and its attachments?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
| 1. | I have received, personally reviewed, and understand the Franchise Agreement and each exhibit, addendum, and rider attached to it. | ||
|---|---|---|---|
| True | False |
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, when signing the franchise agreement, the franchisee must acknowledge that they have personally reviewed and understand the Franchise Agreement and all attachments. This acknowledgement is part of a questionnaire that the franchisee/applicant must complete. The franchisee also confirms they have reviewed and understand the information in the Franchise Disclosure Document itself, including exhibits like the Team Office Amendment.
This requirement ensures that the franchisee is fully aware of the terms and conditions of the agreement before entering into it. It also confirms that the franchisee had the opportunity to discuss the benefits and risks of operating a Remax franchise with an attorney, accountant, or other professional advisor.
By signing the questionnaire, the franchisee represents that their answers are truthful and that Remax will rely on them. This acknowledgement is a standard practice in franchising, intended to protect both the franchisor and franchisee by ensuring a clear understanding of the agreement.