Are payments made to Corcoran or its Related Parties refundable?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
- [2] All payments you make to us or our Related Parties are non-refundable and are not financed, unless otherwise stated.
Payments you make to parties other than us or our Related Parties may be refundable and/or financed at the option of the other party.
We or a Related Party may offer financing to assist you in paying certain conversion or opening costs associated with your affiliation with the System, or offer financing to you for acquisition or recruitment opportunities or other business related expenses, if you are an existing franchisee.
Financed amounts will vary under the circumstances.
Any financing will be offered through our Conversion Promissory Note (as defined in Item 10).
See Item 10 for our current financing terms.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 34–40)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, payments made to Corcoran or its related parties are generally non-refundable. Specifically, the FDD states that all payments made to Corcoran or its Related Parties are non-refundable unless explicitly stated otherwise. These payments are also not financed unless otherwise specified.
However, payments made to third parties (i.e., parties other than Corcoran or its related parties) may be refundable or financed, depending on the policies of those individual third parties. It is important for prospective franchisees to clarify the refund policies with each vendor or service provider they engage with during the initial setup and operation of their Corcoran franchise.
Corcoran, or a related party, may offer financing to assist franchisees in paying certain conversion or opening costs, acquisition or recruitment opportunities, or other business-related expenses, especially for existing franchisees. Any financing offered will be through a Conversion Promissory Note, as detailed in Item 10 of the FDD, which outlines the current financing terms. Therefore, franchisees should carefully review Item 10 for specific details on financing options and terms.