When was fact discovery completed in the lawsuit involving Corcoran?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
ture list their home for sale in one of the 20 MLSs. Fact discovery was completed on December 9, 2022. On April 12, 2023, Anywhere and the other defendants filed a petition with the United States Court of Appeals for the Seventh Circuit (the "Seventh Circuit") to pursue an interlocutory appeal of the decision on class certification, which the Seventh Circuit denied on May 24, 2023. On October 5, 2023, Anywhere entered into a nationwide Settlement Agreement with the Moehrl and Burnett plaintiffs for
Source: Item 3 — LITIGATION (FDD pages 18–25)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, fact discovery in a specific class action lawsuit was completed on December 9, 2022. This lawsuit, likely involving multiple franchisors including Corcoran's parent company Anywhere, concerns real estate commissions. The class action was certified on March 29, 2023, and involves both a damages class and an injunctive class.
The damages class includes sellers of residential real estate who paid commissions to brokerages affiliated with the franchisor defendants between March 6, 2015, and December 21, 2020, across 20 MLSs. This class is estimated to cover approximately 3.5 million transactions. The injunctive class covers current and future sellers in the same 20 MLSs.
For a prospective Corcoran franchisee, this detail highlights the importance of understanding the legal landscape surrounding real estate commissions. The completion of fact discovery suggests that a significant amount of information has already been gathered and analyzed in this case. Franchisees should stay informed about the outcomes of this litigation and how it might affect their business practices, particularly regarding commission structures and disclosures to clients. Given Anywhere's settlement agreement in this case, Corcoran franchisees should proactively ensure their compliance with all applicable laws and regulations to mitigate potential legal risks.