Are Remax Team Offices reflected as franchised outlets in Item 20?

According to Remax's 2025 Franchise Disclosure Document, Team Offices are included as franchised outlets in Item 20. As of December 31, 2024, Team Offices accounted for approximately 8.1% of all franchised Remax outlets. This means that the outlet numbers presented in Item 20 of the FDD include both standard Remax offices and Team Offices.

For a potential franchisee, this is an important consideration when evaluating the data presented in Item 20, such as outlet counts, transfers, and terminations. The inclusion of Team Offices in these figures provides a more comprehensive view of the Remax franchise system's overall performance and stability. Understanding the proportion of Team Offices within the system can help a franchisee assess the different types of franchise operations and their potential impact on the overall network.

It is also important to note that the numbers provided in Item 20 are reflective of U.S. offices only. Franchisees should keep this in mind when comparing the data to their specific market or region. Further investigation into the performance and characteristics of Team Offices versus standard offices may provide additional insights for prospective franchisees.