Year Business Began: 1973
Franchising Since: 1975
Headquarters: Denver, Colorado
Estimated Number of Units: 7,220
The franchisor, RE/MAX, LLC, is engaged in the business of developing a network of affiliated real estate brokerage offices throughout the United States, Canada and elsewhere. RE/MAX, LLC is formerly known as RE/MAX International, Inc.
The franchise offered is for the operation of a RE/MAX real estate sales office, which offers a variety of real estate services to the general public. All prospective franchisees, renewing franchisees, and transferees must meet the then current subjective and objective standards for new franchisees, including those related to relevant experience, education and licensing, background and past record of compliance with laws, financial capacity, skills, integrity and other qualities of character.
Franchisees or their principal owner and the Manager, if any, will be provided with a mandatory 4 1/2 day training program at the franchisor’s headquarters in Colorado. Franchisees or their principal owner and the Manager, if any, must attend and complete the training, although achievement of a stated level of performance is not required. Prior to renewal, franchisees may be required to complete the RE/MAX 501: Maximizing Your Office Potential course and/or such other training or courses deemed necessary by the franchisor. Maximizing Your Office Potential is a management refresher course developed to help franchisees adapt to the increasingly complex real estate industry. The franchisor conducts an annual convention and may periodically conduct training conferences designed to build the RE/MAX image, assist franchisees in recruiting potential Sales Associates and provide an international forum for exchanging ideas on managing and operating RE/MAX offices. Attendance is optional for these events.
Franchisees are granted the right to operate the Office at a specific address-only location that first must be approved. Franchisees will not receive an exclusive territory or any other type of territorial protection. Franchisees may face competition from other franchisees, from outlets that the franchisor may come to control, from franchises in other channels of distribution that the franchisor operates, or from additional channels of distribution or competitive brands that the franchisor may come to own or control.
Obligations and Restrictions:
Neither the franchisee nor the owners, if a business entity, will be required to participate personally in the direct operation of the Office unless required by local law, although the franchisor recommends that the franchisee or a principal owner do so, in which event the franchisee or the principal owner will be required to at all times hold a valid real estate broker license or such other state license as may be required to act as the managing or designated broker of record. If the franchisee or a principal owner does not directly supervise the Office or have a valid real estate broker license, the franchisee will be required to secure the services of a validly licensed real estate broker under whose license the Office will be conducted and who will be responsible for the management of the Office. There are no minimum performance standards, other than attending the full training program that must be satisfied during training. Franchisees will be expected to meet high standards of real estate service and professionalism reflective of the goodwill and respect enjoyed by the RE/MAX name and organization.
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