From where must a Corcoran franchisee conduct their business?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
- 5.1 Office. You will conduct the Business only from the Office(s) identified in Exhibit D, or any other Office authorized in a writing signed by you and us. You will not operate any other business or engage in any other activity at or from the Office(s) except in compliance with this Agreement. Unless you receive our written approval, you may not advertise any other location, conduct the Business from any other location, or take any action that leads consumers to believe that you are operating from a location other than an approved Office.
- 5.2 Relocation, Closure or Consolidation of Offices. You will not relocate, close or consolidate any Office or announce any location change without our prior written consent. You must request our consent for any proposed relocation, closure or consolidation under the procedures described in the P&P Manual.
- 5.3 No Exclusivity. The Corcoran franchise granted by this Agreement is non-exclusive, covers only the Office(s) in Exhibit D and any other Offices added under a Location Addendum or a Limited Purpose Office Addendum executed after the Effective Date. This Agreement does not grant any area, market, territorial rights, or protected area. This Agreement does not grant you any right to purchase additional franchises or grant any right or priority for the location of additional franchises. We and our Related Parties retain all rights and discretion with respect to the Marks, the System and other real estate offices, including the rights to:
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, franchisees must conduct business from the office locations specified in Exhibit D of the Franchise Agreement or from any other office authorized in writing by both the franchisee and Corcoran. Franchisees are prohibited from operating any other business or engaging in any other activity at or from these approved offices, except as explicitly allowed in the Franchise Agreement.
Corcoran franchisees cannot advertise or operate from any location that has not been approved, nor can they take actions that might lead customers to believe they are operating from an unapproved location. Any relocation, closure, or consolidation of an office requires Corcoran's prior written consent, following procedures outlined in the P&P Manual.
The Corcoran franchise is non-exclusive and only covers the offices listed in Exhibit D, as well as any additional offices added through a Location Addendum or a Limited Purpose Office Addendum. The agreement does not grant any exclusive area, market, territorial rights, or protected area. Corcoran retains all rights and discretion regarding the Marks, the System, and other real estate offices.