What specific states are covered by the RE/MAX, LLC guarantee of the Subfranchisor's franchise registrations?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
For value received, RE/MAX, LLC, a Delaware limited liability company (the "Guarantor"), located at 5075 S. Syracuse Street, Denver, Colorado, 80237, absolutely and unconditionally guarantees the performance by RE/MAX Integrated Regions, LLC, located at 5075 S. Syracuse Street, Denver, Colorado, 80237, (the "Subfranchisor"), of all of the obligations of the Subfranchisor under its franchise registrations in Indiana, Minnesota, Rhode Island, and Wisconsin, and all of its obligations under the Franchise Agreements entered into after April 2, 2025 pursuant to its 2025 Franchise Disclosure Document (the "Franchise Agreements"). This guarantee continues until all such obligations of the Subfranchisor under such franchise registrations and its obligations under such Franchise Agreements are satisfied, or until the liability of the Subfranchisor to its franchisees under the Franchise Agreements has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Subfranchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Subfranchisor. This guarantee is binding on the Guarantor and its successors and assigns.
Source: Item 1 — Business and Organization (FDD pages 334–464)
What This Means (2025 FDD)
According to the 2025 Remax Franchise Disclosure Document, RE/MAX, LLC guarantees the franchise registrations of its subfranchisor, RE/MAX Integrated Regions, LLC, in four specific states. This guarantee covers the subfranchisor's obligations in Indiana, Minnesota, Rhode Island, and Wisconsin.
This guarantee extends to all obligations of the subfranchisor under its franchise registrations in these states, as well as all obligations under Franchise Agreements entered into after April 2, 2025, based on the 2025 Franchise Disclosure Document. The guarantee remains in effect until all obligations of the subfranchisor are satisfied or until the subfranchisor's liability to its franchisees is completely discharged, whichever occurs first.
It's important to note that RE/MAX, LLC, as the guarantor, is not released from liability even if a franchisee has an outstanding claim against the subfranchisor. This provides an added layer of security for franchisees in the specified states, ensuring that the obligations of RE/MAX Integrated Regions, LLC are backed by the financial strength and reputation of RE/MAX, LLC. This guarantee is binding on RE/MAX, LLC, and its successors and assigns.