In the receipts section, who is the specified franchisor for Corcoran?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
If Corcoran Group LLC ("we" or "us") offers you a franchise, we must provide this disclosure document to you 14 calendar-days before you sign a binding agreement with, or make a payment to, us or an affiliate in connection with the proposed franchise sale. Iowa and New York require that we give you this disclosure document at the earlier of the first personal meeting or 14 calendar days (or 10 business days in New York) before the execution of the franchise or other agreement or the payment of any consideration that relates to the franchise relationship. Michigan requires that we give you this disclosure document at least 10 business days before the execution of any binding franchise or other agreement or the payment of any consideration, whichever occurs first.
If we do not deliver this disclosure document on time or if it contains a false or misleading statement, or a material omission, a violation of federal and state law may have occurred and should be reported to the Federal Trade Commission, Washington, D.C. 20580 and those state administrators listed in Exhibit B.
The franchisor is Corcoran Group LLC and is located at 175 Park Avenue, Madison, New Jersey 07940. Our telephone number is (973) 407-7401.
Source: Item 23 — RECEIPTS (FDD pages 75–276)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the specified franchisor is Corcoran Group LLC. The document states that if Corcoran Group LLC offers a franchise, it must provide the disclosure document to the prospective franchisee 14 calendar days before signing a binding agreement or making a payment. The document also indicates that if the disclosure document is not delivered on time, or if it contains false or misleading information, it may be a violation of federal and state law.
The receipts section of the FDD identifies Corcoran Group LLC as the franchisor, located at 175 Park Avenue, Madison, New Jersey 07940, with the phone number (973) 407-7401. This information is crucial for prospective franchisees to know who they are entering into an agreement with and how to contact them.
Furthermore, the document includes addenda for specific states like Maryland, Minnesota, New York, and Virginia, which may supersede the general disclosure document. These addenda contain state-specific provisions and legal protections for franchisees, ensuring compliance with local laws. For example, the New York addendum states that the franchisor may negotiate terms but cannot impose less favorable conditions than those in the FDD.