What is the standard initial term length for a Remax franchise agreement?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
(3) Term.
The term of the Franchise will begin on the Agreement Date and continue for a period of 5 years, or longer if a greater number is written in the following box and initialed by the parties ("Term"), unless the Franchise is terminated earlier pursuant to the provisions of this Agreement. Termination or expiration of this Agreement will constitute termination or expiration of your Franchise and the Limited License (as defined below) to use the RE/MAX Marks conferred by Section 4 of this Agreement.
B. FULL-TERM PERFORMANCE.
You specifically agree to operate the Office in accordance with the provisions of this Agreement, perform the obligations of this Agreement, and continuously exert your best efforts to promote and enhance the business of the Office for the Term.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, the standard initial term length for a Remax franchise agreement is 5 years, commencing on the agreement date. The franchise agreement will continue for this 5-year period unless it is terminated earlier according to the agreement's provisions.
Remax requires the franchisee to operate the office according to the agreement, fulfill all obligations, and exert their best efforts to promote the business of the office throughout the entire term. This underscores Remax's expectation that franchisees will actively engage in developing and growing their franchise during the term.
Upon termination or expiration of the agreement, the franchisee's rights to operate as a Remax franchise and use Remax's trademarks also end. However, the FDD also states that the term can be longer than 5 years if a greater number is written in the specified box and initialed by both parties.