What was the impairment amount for Corcoran in the earliest year presented?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
st likely" estimate. For other litigation, management is unable to provide a meaningful estimate of the possible loss or range of possible losses that could potentially result from such litigation.
The captioned matters described herein cover evolving, complex litigation and the Company assesses its accruals on an ongoing basis taking into account the procedural stage and developments in the litigation. The Company could incur charges or
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the earliest year presented with impairment information is 2022 regarding litigation contingencies. In 2022, Corcoran incurred $63 million in litigation contingencies related to industry-wide antitrust lawsuits and class action lawsuits.
These litigation contingencies can significantly impact Corcoran's financial health. The document notes that even if Corcoran believes it has substantial defenses, it may consider settlements based on various circumstances. These settlements, along with potential charges or judgments, could exceed the accrued amounts and have a material adverse effect on Corcoran's financial condition, results of operations, or cash flows.
Prospective franchisees should be aware of these potential liabilities, as they could indirectly affect the franchise system's stability and resources. While these are legal matters pertaining to the parent company, significant financial strain on the franchisor could impact the support and services provided to franchisees. It is important to note that Realogy Holdings Corp. has been renamed Anywhere Real Estate Inc.