What MLSs are included in the damages class that involve Corcoran?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
The damages class covers sellers of residential real estate (with certain exemptions) who paid a commission to a brokerage affiliated with any franchisor defendant from March 6, 2015 through December 21, 2020 in 20 MLSs in various parts of the country that do not overlap with the Burnett MLSs and that include approximately five of the country's ten largest MLSs, estimated to cover approximately 3.5 million transactions.
Source: Item 3 — LITIGATION (FDD pages 18–25)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, a class action lawsuit was certified that includes a damages class covering sellers of residential real estate who paid a commission to a brokerage affiliated with any franchisor defendant, including Corcoran, from March 6, 2015, through December 21, 2020.
The damages class involves 20 MLSs (Multiple Listing Services) in various parts of the country. These MLSs do not overlap with the Burnett MLSs and include approximately five of the country's ten largest MLSs. The transactions within these MLSs are estimated to cover approximately 3.5 million transactions.
The FDD does not specify the names or locations of the 20 MLSs included in the damages class. A prospective franchisee should request a list of the specific MLSs from Corcoran to fully understand the scope and potential impact of this litigation.