What is the initial franchise fee for a Corcoran Branch Office?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
ired to be disclosed in this Item.
ITEM 5. INITIAL FEES
If you are purchasing a Franchise from us, you will pay us an initial franchise fee of $25,000 for the Main Office when you sign the Franchise Agreement, and an initial franchise fee of $10,000 for a Branch Office when the Branch Office is added to the Franchise Agreement. If we approve you for a Corcoran® franchise, we will countersign the Franchise Agreement.
The initial franchise fee is non-refundable and is fully earned by us upon our countersignature. As further described in Item 1, we have a franchise sales incentive program under which we may waive or reduce the initial franchise fee and provide other business benefits for prospective franchisees that meet the eligibility requirements. As of the issuance date of this disclosure document, the initial franchise fee for the Main Office under the program is waived.
If you are an existing franchisee and acquire another qualifying real estate brokerage business that you combine into your Office(s), without adding a new Branch Office, we will not charge you an additional initial franchise fee.
Source: Item 5 — INITIAL FEES (FDD pages 25–26)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the initial franchise fee for a Branch Office is $10,000. This fee is paid when the Branch Office is added to the Franchise Agreement. However, Corcoran may increase this fee for any offices opened after the effective date, consistent with the fee charged for Branch Offices in their then-current Disclosure Document.
The initial franchise fee is non-refundable once Corcoran countersigns the Franchise Agreement, signifying their approval of the franchisee. Corcoran does have a franchise sales incentive program where they may waive or reduce the initial franchise fee for eligible franchisees. As of the issuance date of the 2025 disclosure document, the initial franchise fee for the Main Office under this program is waived.
In 2024, the initial franchise fees paid by franchisees ranged from $0 to $5,000 for a Branch Office, indicating that the actual fee can vary. Prospective franchisees should inquire about the current fee structure and any potential incentives or waivers that may apply to their situation. Understanding the specific terms and conditions of the franchise agreement and any addenda is crucial before committing to the franchise.