Is there a charge for the Corcoran reporting system?
Corcoran Franchise · 2025 FDDAnswer from 2025 FDD Document
We and our Related Parties have developed technology systems, consisting of proprietary software and nonproprietary operating programs that enable you to transmit required listing information and transaction reporting information and other relevant reporting data via the internet (the reporting system). The reporting system allows a franchisee to access its business data from any computer connected to the internet with no additional software. With the reporting system, a franchisee can maintain listing information and photos, independent agent and manager rosters, office contact information and download and sort this information for its specific needs. We do not have independent access to the data in your office system, except for such data that you, or third parties authorized by you, transmit to us or enter into the reporting system, and except for MLS data we receive through third parties. There are no contractual limitations on our right to access this data. We provide the reporting system to you without charge; however, you must obtain appropriate connectivity and browser software for this application as well as any platform upgrades that may be necessary. The software is proprietary to us, is licensed to you free of charge and is updated as needed by us. You are responsible for purchasing compatible hardware from a vendor you select. We have the right to require you to utilize hardware or additional software from a particular provider (Section 9 of the Franchise Agreement). Except for the reporting system discussed above, we do not, as of the issuance date of this disclosure document, require you to use any particular provider of hardware or software. You can acquire any computer hardware that meets our minimum memory and other standards as outlined below.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 48–57)
What This Means (2025 FDD)
According to Corcoran's 2025 Franchise Disclosure Document, the franchisor provides its reporting system to franchisees without charge. This system enables franchisees to transmit required listing and transaction reporting information, as well as other relevant data, via the internet. The reporting system allows franchisees to access their business data from any computer connected to the internet without needing additional software.
With Corcoran's reporting system, franchisees can maintain listing information and photos, independent agent and manager rosters, and office contact information. They can also download and sort this information to meet their specific needs. While Corcoran does not have independent access to the data in the franchisee's office system, they can access data that the franchisee or authorized third parties transmit or enter into the reporting system, as well as MLS data received through third parties.
Although Corcoran provides the reporting system without charge, franchisees are responsible for obtaining appropriate connectivity and browser software, as well as any necessary platform upgrades. The software is proprietary to Corcoran, licensed to the franchisee free of charge, and updated as needed by Corcoran. Franchisees are also responsible for purchasing compatible hardware from a vendor of their choice, though Corcoran retains the right to require franchisees to utilize hardware or additional software from a particular provider. Franchisees can acquire any computer hardware that meets Corcoran's minimum memory and other standards.