Corcoran FDD – Franchise Information, Costs and Fees
Type of Business
The franchise is for a real estate brokerage offering with defined real estate brokerage services from a specified location under the name Corcoran®.
Corporate Information
Corcoran Group LLC is a Delaware limited liability company, originally formed on October 1, 2015. They are a wholly owned subsidiary of Anywhere Real Estate Services Group LLC (f/k/a Realogy Services Group LLC (“Anywhere Services Group”), a Delaware limited liability company. Their principal business address is 175 Park Avenue, Madison, New Jersey 07940. They began offering franchises for real estate brokerage offices in January 2019.
Investment
The total investment necessary to begin operation of a Corcoran® franchise is approximately $56,050 to $358,100 for a conversion real estate office, and $137,550 to $545,400 for a start-up real estate office. This includes $5,000 to $25,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential conversion or start-up franchise is $25,000 for the Main Office and $10,000 for each additional Branch Office.
