About Corcoran® Franchise
Corcoran Group LLC offers franchises for residential and commercial real estate brokerage offices operating under the Corcoran brand.
The franchise permits operators to offer real estate brokerage services using the Corcoran service mark and proprietary systems.
Corcoran is a wholly owned subsidiary of Realogy Services Group LLC (now Anywhere Real Estate).
Corcoran® Franchise Cost & Fees
| Fee Type | Amount | Notes |
|---|---|---|
| Initial Franchise Fee | $25,000 | One-time payment upon signing |
| Royalty Fee | 6% declining to 4% of Gross Revenue of gross sales | Ongoing; paid monthly |
| Marketing/Ad Fund | 1% declining to 0.5% (Brand Marketing Fund) | National brand fund |
| Total Investment Range | $52,850 – $540,800 | Includes build-out, inventory, working capital |
The investment range of $53K–$541K reflects variability in build-out costs, store size, lease terms, and market. The combined royalty (6% declining to 4% of Gross Revenue) and marketing fee (1% declining to 0.5% (Brand Marketing Fund)) are ongoing costs paid as a percentage of gross sales.
Additional Fees (Item 6)
| Fee Type | Amount |
|---|---|
| Transfer Fee | $5,000 |
| Audit Fee | $450/day |
Training Program (Item 11)
| Detail | Information |
|---|---|
| Total Duration | 12 hours Orientation |
| Classroom Training | 12 |
| On-the-Job Training | 0 |
| Training Location | Various |
Territory Rights (Item 12)
| Detail | Information |
|---|---|
| Territory Type | No exclusive territory |
| Exclusive Territory | No |
| Description | Franchisor and affiliates may compete in market area |
Renewal, Termination & Transfer (Item 17)
| Detail | Information |
|---|---|
| Initial Term | 10 years |
| Renewal Term | No renewal rights; franchisor may grant additional term |
| Transfer Fee | $5,000 |
| Non-Compete Details | No post-term non-compete |
Operations & Supply (Items 8 & 15)
| Detail | Information |
|---|---|
| Owner-Operator Required | Yes |
| Participation Details | Licensed Responsible Broker required |
| Required Suppliers | 20-30% initial, <5% ongoing from approved suppliers |
Financing (Item 10)
| Detail | Information |
|---|---|
| Financing Available | Yes |
| Description | Conversion Promissory Notes with 9-year maturity, possible principal forgiveness |
Corcoran® Franchise Earnings — Item 19
Corcoran® does not include an Item 19 financial performance representation in their FDD. Contact information for current and former franchisees is listed in Item 20 of the FDD.
Corcoran® Litigation & Risk Flags
Litigation and bankruptcy data is sourced from Items 3 and 4 of the FDD. Always verify current status directly from the most recent FDD.
Corcoran® System Growth
Corcoran® currently operates 118 franchised locations and 28 company-owned units. Unit count data is sourced from Item 20 of the FDD.
Unit History (Item 20)
| Year | Opened | Closed | Total |
|---|---|---|---|
| 2020 | 74 | 0 | 74 |
| 2021 | 46 | 2 | 118 |
Transfers: 0 | Closures: 2
State Registrations
Registered in 13 states: CA, HI, IL, MD, MI, MN, NY, ND, RI, SD, VA, WA, WI
Corcoran® Franchise — FAQ
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