The franchisor is RE/MAX, LLC, former RE/MAX International, Inc. Company known for its network of affiliated real estate brokerage offices in the United States, Canada, and other countries. The franchisor sells franchises to operate RE/MAX real estate sales offices. RE/MAX real estate sales office offer to clients real estate services.
All potential franchisees, including renewing franchisees and transferees, must meet then-current standards. Relevant experience, education and licensing, background and past record of compliance with laws, financial capacity, skills, integrity, and other qualities of character can be related to standards.
The franchisor will provide for franchisees or their principal owner and the manager a 4-5 days long compulsory training program. Franchisees or their principal owner and the manager must attend and complete that training. Training will be held in Colorado, at the franchisor’s headquarters. Two days long “Momentum Field Training” is also mandatory for franchisees or their principal owner.
Either RE/MAX, LLC or RE/MAX Regional will provide that training. Before renewal, the franchisor may request a franchisee to complete the RE/MAX 501: Maximizing Your Office Potential course or any other training that the franchisor deems necessary. Refreshing course RE/MAX 501designed to help franchisees adapt to an increasingly complex real estate industry.
The franchisor holds annual meetings, and also from time to time may offer training that helps to build the RE/MAX image, to assist franchisees in recruiting Sales Associates, to provide an international forum for exchanging ideas about managing and operating RE/MAX offices. Participation in these events is voluntary.
Territory Granted: The franchisor must approve a specific address of franchisees. The franchisor grants the right to franchisees to operate only at this location. Any other exclusive territory or territorial protection will not be provided. Other franchisees, outlets owned by the franchisor, or from other channels of distribution or competitive brands controlled by the franchisor may compete with franchisees.
Obligations and Restrictions: The franchisor recommends but not requires that the franchisee (in case a business entity, the owners) to personally participate in the direct operation of the office unless it is required by local law.
If the franchisee nor the owners personally operate the office they are required to always hold a valid real estate broker's license or other state license, which may be necessary to act as a manager or designated registered broker. In any case, the franchisee must have an employee who will manage the office and hold a valid real estate broker licensed under whose license the office will operate.
The franchisor requires that the full training program that must be completed to the franchisor’s satisfaction. There are no other minimum performance standards. The franchisor expects that franchisees will meet high standards of the RE/MAX and the goodwill and respect to this name.
Term of Agreement and Renewal: The duration of the initial franchise term is five years. Renewal for an additional five-year period on the then-current terms is possible if the requirements are met.
Financial Assistance: The franchisor may partly finance the renewal fee for an existing franchise. Other than that, the franchisor does not offer direct or indirect financing. The franchisor does not guarantee a franchisee’s note, lease or obligation, and does not receive a fee from any financing source.