Can a Corcoran franchisee operate without a Responsible Broker?

According to Corcoran's 2025 Franchise Disclosure Document, a franchisee cannot operate without a Responsible Broker. The FDD specifies that the Responsible Broker must have a license in good standing within the state(s) where the franchisee operates.

This requirement ensures that each Corcoran franchise has a qualified professional overseeing real estate transactions and compliance with local laws. The franchisee is obligated to notify Corcoran in writing if there is a change in the Responsible Broker.

Furthermore, the agreement states that Corcoran may terminate the franchise agreement immediately, without prior notice or an opportunity to cure, if the Responsible Broker's license is suspended or revoked, unless a substitute Responsible Broker is appointed in a timely manner as permitted by law, and such suspension or revocation does not otherwise cause a breach of the agreement. This underscores the critical role of the Responsible Broker in maintaining the franchise's operational and legal standing.