When submitting Exhibit A - 3 Ownership and Management Information for a Remax franchise, what documents related to the Franchise Owner's corporate structure must be included?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
------------------------------------------------------------------------------------------------------------------|---| | a. | b. | | | | % | % | | c. | d. | | | | % (if more space is required, attach additional sheets hereto) | % | | 2. | If any of the shareholders or stockholders listed in Section 1 is a Business Entity and not an individual, please list below its owners, their addresses (residential address, if an individual) and their percentage ownership interests (if more space is required, attach additional sheets hereto): Name of Business Entity (Shareholder/Stockholder): | | | a. | b. | | | | % | % | | c. | d. | | | | % Name of Business Entity (Shareholder/Stockholder): | % | | a. | b. | | | | % | % | | c. | d. | | | | % | % | (If any of the owners of these shareholders or stockholders 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 and residence addresses of each director of the corporation: a. b. c. d. (if more space is required, attach additional sheets hereto) 4. List below the names, residence addresses and title of each officer of the corporation: a. b. c.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, when the Franchise Owner is a corporation, they must submit Exhibit A-3 along with a copy of the Franchise Owner's Articles of Incorporation and Bylaws. These documents must include any and all amendments.
In addition to the aforementioned documents, Remax also requires a listing of the names and residence addresses of each director of the corporation. Furthermore, the names, residence addresses, and titles of each officer of the corporation must be provided. If any of the owners of these shareholders or stockholders are Business Entities and not individuals, additional sheets must be attached to show their owners, their addresses (residential address, if an individual) and their percentage ownership interests until the individual level is reached.
This comprehensive disclosure ensures Remax has a clear understanding of the corporate structure, ownership, and management of each franchise. This level of detail is typical in franchising, as the franchisor needs to assess the suitability and stability of its franchisees. Prospective franchisees should ensure they have all required documentation readily available to avoid delays in the approval process.