What must a Corcoran franchisee do before relocating, closing, or consolidating an office?

According to Corcoran's 2025 Franchise Disclosure Document, a franchisee must obtain prior written consent from Corcoran before relocating, closing, or consolidating any office. The franchisee is required to follow the procedures outlined in the P&P (Policies and Procedures) Manual when requesting consent for any proposed relocation, closure, or consolidation.

This requirement ensures that Corcoran maintains control over its brand presence and service standards. By requiring written consent, Corcoran can assess the potential impact of such changes on its overall network and ensure that any relocation, closure, or consolidation aligns with its strategic objectives. This protects the brand's reputation and ensures consistent service delivery across all franchise locations.

For a prospective Corcoran franchisee, this means that any decision to move, shut down, or merge an office cannot be made unilaterally. The franchisee must engage with Corcoran, provide necessary documentation as per the P&P Manual, and await approval. This process may involve demonstrating that the proposed change will not negatively affect the brand or other franchisees in the area. It is important for franchisees to familiarize themselves with the P&P Manual to understand the specific procedures and criteria for obtaining consent.

This requirement is fairly standard in the franchise industry, as franchisors typically want to maintain oversight over location-related decisions to protect their brand and ensure a consistent customer experience. Franchisees should factor in the time and potential costs associated with seeking and obtaining franchisor approval when considering any changes to their office locations.