What does the Owned Brokerage Group segment of Corcoran operate?

According to Corcoran's 2025 Franchise Disclosure Document, the Owned Brokerage Group, also known as Anywhere Advisors, operates a full-service real estate brokerage business. As of December 31, 2024, this segment included approximately 580 company-owned and operated brokerage offices with roughly 52,900 independent sales agents. These offices operate under the Coldwell Banker, Corcoran, and Sotheby's International Realty brand names and are located in many of the largest metropolitan areas in the U.S.

In addition to its core brokerage operations, the Owned Brokerage Group also includes Corcoran's share of equity earnings or losses from a minority-owned real estate auction joint venture. This indicates that the segment participates in strategic partnerships and investments that complement its primary real estate services.

For prospective Corcoran franchisees, this information provides insight into the operational structure of the company-owned segment, which can be useful for benchmarking and understanding the broader organization. It also highlights the geographic focus of the company-owned brokerages, which are concentrated in major metropolitan areas. Understanding the performance and strategies of the Owned Brokerage Group can help franchisees identify best practices and potential synergies within the Corcoran network.