What is the Orientation fee for each additional attendee at Corcoran?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
r month preceding termination from | | | | | the Opening Date. |
| Name of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Orientation [5] | $0 for the first attendee; $1,200 for each additional attendee | See remarks | As of the issuance date of this disclosure document we offer Orientation virtually through a customized learning plan which may include mandatory attendance in our virtual Leadership Courses offered by the Agent Studio®. We do not currently charge a fee for virtual attendance but reserve the right to do so for additional attendees. Although we currently do not offer an in person Orientation, we may do so in the future and reserve a right to charge a registration fee of $1,200 for additional attendees. If in person Orientation is offered, it may be offered at a location other than your Main Office and you must pay the travel, lodging and incidental expenses of your attendee(s). We may also charge the Orientation registration fee if you: (i) fail to send one attendee in accordance with the Franchise Agreement, (ii) acquire the Franchise as a result of a Transfer of the Franchise, or (iii) change the Responsible Broker (defin |
Source: Item 6 — OTHER FEES [1] [2] (FDD pages 27–34)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the orientation fee is $0 for the first attendee and $1,200 for each additional attendee. As of the issuance date of the FDD, Corcoran offers Orientation virtually through a customized learning plan, which may include mandatory attendance in virtual Leadership Courses offered by the Agent Studio®. While Corcoran does not currently charge a fee for virtual attendance, they reserve the right to do so for additional attendees.
Although Corcoran does not currently offer in-person Orientation, they may do so in the future and reserve the right to charge a registration fee of $1,200 for additional attendees. If in-person Orientation is offered, it may be at a location other than the Main Office, and the franchisee must pay for the travel, lodging, and incidental expenses of their attendees.
Corcoran may also charge the Orientation registration fee if the franchisee: (i) fails to send one attendee in accordance with the Franchise Agreement, (ii) acquires the Franchise as a result of a Transfer of the Franchise, or (iii) changes the Responsible Broker. Prospective franchisees should note these conditions under which the orientation fee may be charged, even if the initial virtual orientation is free for the first attendee.