How must a Corcoran franchisee dispute audit findings?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
13.7 Waiver. Your failure, refusal or neglect to dispute fees or contributions that an audit reveals you owe, including any fees, costs and penalties assessed with an audit, constitutes a waiver of any right to challenge such fees, unless you provide us written notice of your dispute, along with an explanation of the basis for your dispute, within thirty (30) days of the date we deliver the audit results to you in writing.
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, a franchisee must provide written notice to Corcoran within thirty days of receiving the audit results if they wish to dispute any fees or contributions revealed by the audit. This notice must include an explanation of the basis for the dispute.
Failure to provide this written notice within the specified timeframe constitutes a waiver of the franchisee's right to challenge the fees. This means Corcoran can legally enforce the audit findings if the franchisee does not formally dispute them in writing within 30 days.
This requirement underscores the importance of franchisees carefully reviewing audit results and promptly addressing any discrepancies or concerns. Franchisees should maintain thorough records and seek professional advice if needed to effectively challenge audit findings within the given timeframe. This also highlights the need for clear communication and documentation in the franchisor-franchisee relationship, especially concerning financial matters.