From where must a Corcoran franchisee operate their franchise?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
You must operate your Franchise only from the Office(s) identified in the Franchise Agreement. You must promote your services within the market served by your Office(s).
You must not operate your Franchise at any site other than the Office(s) identified in your Franchise Agreement without our prior written approval. If you want to relocate, close, or consolidate any Office(s), you must request our approval in writing (and submit other relevant information that we request to evaluate your proposal) at least 30 days before the proposed change. If we do not respond to your request within this period, the proposed change will be deemed disapproved. We may impose conditions on a location change, including:
- [1] The new Office location must satisfy our then current office appearance standards and must offer you the prospect of enhancing your ability to provide quality real estate services;
- [2] The relocation of your Office must not expose us or any of our Related Parties to potential liability (as we have the right to determine in our reasonable business judgment);
- [3] The relocation must not be likely to have a material adverse effect on our business, the business of our Related Parties or of other franchisees (as we have the right to determine in our reasonable business judgment);
- [4] You must be in compliance with the Franchise Agreement and all other agreements with us and/or our Related Parties; and
- [5] You must sign documentation we require to memorialize the approved change in location.
Source: Item 12 — TERRITORY (FDD pages 57–59)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, a franchisee must operate their franchise only from the office or offices identified in the Franchise Agreement. The franchisee must also promote their services within the market served by their designated office or offices.
Corcoran requires prior written approval before a franchisee can operate at any site other than the one specified in the Franchise Agreement. If a franchisee wishes to relocate, close, or consolidate any office, they must request approval in writing at least 30 days before the proposed change. If Corcoran does not respond within this period, the request is considered disapproved.
Corcoran may impose conditions on a location change. These conditions include ensuring the new office location meets Corcoran's current appearance standards and enhances the franchisee's ability to provide quality real estate services. Additionally, the relocation must not expose Corcoran or its related parties to potential liability or have a material adverse effect on their business or the business of other franchisees. The franchisee must also be in compliance with the Franchise Agreement and sign any required documentation to formalize the approved change in location.
Prospective franchisees should be aware that they cannot operate from any location they choose without prior approval from Corcoran. This requirement ensures that all Corcoran franchises maintain a consistent brand image and meet certain operational standards. Franchisees should carefully consider these location restrictions and approval processes before entering into a Franchise Agreement with Corcoran.