What does "Anywhere" refer to in the Corcoran Franchise Disclosure Document?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
GUARANTEE OF PERFORMANCE
For value received, Anywhere Real Estate Group LLC, a Delaware limited liability company (the "Guarantor"), located at 175 Park Avenue, Madison New Jersey 07940, absolutely and unconditionally guarantees to assume the duties and obligations of Corcoran Group LLC, located at 175 Park Avenue, Madison New Jersey 07940 (the "Franchisor"), under its franchise registration in each state where the franchise is registered, and under its Franchise Agreement identified in its 2025 Franchise Disclosure Document, as it may be amended, and as that Franchise Agreement may be entered into with franchisees and amended, modified or extended from time to time. This guarantee continues until all such obligations of the Franchisor under its franchise registrations and the Franchise Agreement are satisfied or until the liability of Franchisor to its franchisees under the Franchise Agreement has been completely discharged, whichever first occurs. The Guarantor is not discharged from liability if a claim by a franchisee against the Franchisor remains outstanding. Notice of acceptance is waived. The Guarantor does not waive receipt of notice of default on the part of the Franchisor. This guarantee is binding on the Guarantor and its successors and assigns.
The Guarantor signs this guarantee at Madison, New Jersey, and deems it effective on the 28th day of March 2025.
Guarantor:
ANYWHERE REAL ESTATE GROUP LLC
Name: Marilyn J. Wasser
Title: General Counsel and Corporate
Secretary
GUARANTEE OF PERFORMANCE
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, "Anywhere" refers to Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC. These entities act as guarantors, ensuring Corcoran Group LLC's obligations under franchise registrations and agreements.
Specifically, Anywhere Real Estate Group LLC, a Delaware limited liability company, and Anywhere Real Estate Inc., a Delaware corporation, both guarantee Corcoran Group LLC's duties. This guarantee covers franchise registrations in all states where the franchise is registered and the Franchise Agreement outlined in the 2025 FDD. The guarantee remains effective until all obligations are fulfilled or the liability of Corcoran to its franchisees is completely discharged.
For a prospective Corcoran franchisee, this guarantee means that Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC are financially and legally responsible for ensuring Corcoran fulfills its obligations as a franchisor. This arrangement provides an added layer of security for franchisees, as they have recourse to these larger entities if Corcoran fails to meet its commitments. The FDD also notes that referral fees paid to other licensed brokers operating under an Anywhere brand franchise agreement, referral fees paid to any referral networks owned or operated by Anywhere or its Related Parties, or referral fees up to 5% of Gross Revenue paid to brokers or referral networks not related to Anywhere may be deducted from Gross Revenue.