What does "Future Office" mean in the context of a Corcoran franchise?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
Branch Offices is $10,000 per office. We may increase this fee for any offices you open after the Effective Date consistent with the fee charged for Branch Offices in our then-current Disclosure Document. The initial franchise fee for any Limited Purpos
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
I am unable to define "Future Office" for a Corcoran franchise using the provided excerpts from the 2025 Franchise Disclosure Document. While the term "future office" is mentioned in section 1.6.3 regarding the initial franchise fee, the document does not provide a specific definition or explanation of what constitutes a "Future Office" within the Corcoran franchise system.
To understand what a "Future Office" entails, a prospective franchisee should seek clarification from Corcoran. Specifically, they should inquire about the characteristics, requirements, or conditions that differentiate a "Future Office" from other types of Corcoran offices, such as the Main Office, Branch Office, or Limited Purpose Office, all of which are defined in the FDD.
Understanding the definition of "Future Office" is important because it may impact the fees, operational requirements, and the overall agreement terms for franchisees planning to open additional Corcoran locations in the future.