Which version of Exhibit A should a Remax franchise owner complete and execute if they operate as a partnership?
Remax Franchise · 2025 FDDAnswer from 2025 FDD Document
PLEASE COMPLETE AND EXECUTE ONLY THE VERSION OF EXHIBIT A THAT APPLIES TO THE FRANCHISE OWNER:
EXHIBIT A-1 SOLE PROPRIETORSHIP
EXHIBIT A-2 PARTNERSHIP EXHIBIT A-3 CORPORATION
EXHIBIT A-4 LIMITED LIABILITY COMPANY
IF THE FRANCHISE OWNER IS A BUSINESS ENTITY (E.G., TRUST ENTITY, LIMITED LIABILITY PARTNERSHIP, ETC.) OTHER THAN A SOLE PROPRIETORSHIP, PARTNERSHIP, CORPORATION OR LIMITED LIABILITY COMPANY, THE FRANCHISE OWNER SHALL PROVIDE RE/MAX, LLC WITH INFORMATION SIMILAR TO THAT REQUESTED ON EXHIBIT A-1 THROUGH A-4.
Source: Item 22 — Contracts (FDD pages 108–334)
What This Means (2025 FDD)
According to Remax's 2025 Franchise Disclosure Document, a franchise owner operating as a partnership should complete and execute Exhibit A-2. Exhibit A to the Franchise Agreement concerns ownership and management information.
The FDD specifies that only the version of Exhibit A that applies to the franchise owner should be completed and executed. The document lists four versions of Exhibit A, each tailored to a specific business structure: sole proprietorship (Exhibit A-1), partnership (Exhibit A-2), corporation (Exhibit A-3), and limited liability company (Exhibit A-4).
For Remax franchise owners operating under business entities other than the four listed, they must provide Remax, LLC with information similar to that requested on Exhibits A-1 through A-4. This ensures that Remax has comprehensive ownership and management details for all its franchises, regardless of their specific legal structure.