Under what circumstances does a Remax Team Office Amendment terminate?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
This Amendment and all rights granted hereunder to operate the Team Office shall terminate upon the transfer, termination, Abandonment, or expiration of the Franchise Agreement. In addition, RE/MAX Regional has the right to terminate this Amendment if:
- A. Franchisee fails to pay any monies when due and fails to cure such breach within 10 days of receipt of written notice; or
- B. As set forth in Subsection 1.A.d of this Amendment, Franchisee fails to have at least two Sales Associates registered with the Team Office at any time or breaches any other non-monetary provision set forth in this Amendment and fails to cure such default within 30 days of receipt of written notice.
Such notice will advise Franchisee, and Franchisee hereby understands and agrees, that if the default is not cured within the specified time period, this Amendment and Franchisee's right to operate the Team Office will automatically terminate without further notice from us. In the event of termination of the Team Office, Franchisee will be required to comply with all applicable de-identification requirements set forth in Section 14 of the Franchise Agreement.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, a Team Office Amendment can terminate under several circumstances. The amendment terminates automatically upon the transfer, termination, abandonment, or expiration of the underlying Franchise Agreement. This means that if the franchisee sells their main Remax franchise, or if the agreement expires or is terminated for any reason, the Team Office Amendment also ends.
Remax Regional also has the right to terminate the Team Office Amendment under specific conditions. These include failure to pay monies when due, which must be cured within 10 days of written notice, or failure to maintain at least two sales associates registered with the Team Office, or any other breach of a non-monetary provision, which must be cured within 30 days of written notice. If the franchisee does not correct these defaults within the given timeframes, the Team Office Amendment will automatically terminate without further notice from Remax.
Upon termination of the Team Office Amendment, the franchisee must comply with all de-identification requirements as outlined in Section 14 of the Franchise Agreement. This likely involves removing Remax branding and signage from the Team Office location. Prospective franchisees should be aware of these termination conditions and ensure they can meet the operational and financial requirements to avoid losing their rights to operate the Team Office.