For Remax, what specific ownership information is required for each manager of the LLC?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
(If any of the owners of these managers are Business Entities and not individuals, please attach additional sheets to show their owners, their addresses (residential address, if an individual) and their percentage ownership interests until the individual level is reached.)
- List below the names, residence addresses and title of each officer of the LLC, if any: a. b. c. d. (if more space is required, attach additional sheets hereto) 6. List below the name of the validly licensed real estate broker under whose license the Office will be conducted: I certify that this Exhibit is true and complete as of the date set forth below and acknowledge my obligation under Subsection 8.E. to update this Exhibit whenever there are changes in the information above. Please submit a copy of the Franchise Owner's Articles of Organization and Operating Agreement or LLC Agreement (with any and all amendments, if applicable) to RE/MAX Integrated Regions, LLC.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, if the franchise owner is a Limited Liability Company (LLC), Remax requires specific ownership and management details. This includes providing the names, residence addresses, and titles of each officer of the LLC.
If any of the owners of these managers are business entities rather than individuals, additional sheets must be attached. These sheets should detail the owners of those business entities, their addresses (residential if an individual), and their percentage ownership interests, continuing until the individual level of ownership is reached.
Furthermore, Remax requires a copy of the Franchise Owner's Articles of Organization and Operating Agreement or LLC Agreement, including any and all amendments, to ensure full transparency of the ownership and management structure. This comprehensive disclosure ensures Remax knows exactly who owns and controls each franchise location.