Corcoran
Formerly known as NIC Services Group
Bottom line
- Total investment $62K – $553K including a $25K franchise fee.
- No Item 19 financial performance data disclosed — the franchisor chose not to publish revenue figures.
- Rated CAUTION with a risk score of 71/100.
- 10 litigation matters disclosed in Item 3 — higher than typical. Review the summary for patterns (franchisor-initiated vs. franchisee-initiated).
Item 1 · who you're contracting with
The Franchisor
Yale framework · single-unit ROIC
Returns Analysis
Pulls Item 7 (investment) and Item 19 (revenue) from this brand's FDD into the Yale unlevered-ROIC formula. Override any input to stress-test it against your own assumptions.
The model · Yale framework
What would one Corcoran unit return on the cash you put in?
Unlevered ROIC · per unit
35%
In Yale's "attractive" band (30–60%)
Overview
About
Corcoran franchisees operate real estate brokerage offices, managing agents who list and sell residential properties while generating revenue primarily from buyer and seller agent commissions. Day-to-day operations involve recruiting and training agents, managing listings, processing transactions, and handling client relationships within their local market. The franchise model depends heavily on commission structures that are now under legal challenge in multiple jurisdictions.
Item 7 · what it costs
The Vitals
Item 19
Financial Performance
This franchisor did not disclose financial performance representations in Item 19, or our extractor could not parse them.
Item 20 · unit dynamics
The Growth Chart
Year-over-year franchised unit counts and net change. Source: FDD Item 20.
Item 20 · 21 states with active franchisees
The Territory Map
Derived from franchisee contact records. Shows states with at least one current operator — not where the franchisor is registered to sell new units (that data is re-extracting in a future refresh).
States derived from franchisee phone area codes (Item 20). Approximate — ported numbers may show the original state, not the franchisee's current location.
Government records
SBA Loan Data
Aggregated from SBA 7(a) loan disclosures, public data unique to FranchiseVerdict.
No SBA loan data available for this brand.
FranchiseVerdict rating + FDD Items 3, 5, 6, 12, 17
Risk & Legal
Corcoran presents HIGH RISK due to a contracting franchise system, pervasive antitrust litigation threatening core business model, complete absence of financial performance disclosure, and unprotected territories—all compounded by corporate instability from merger-related litigation.
Score breakdown · what drove the 71 / 100 rating
- 01MINORDeclining unit count (-0.9% YoY) suggests system contraction and potential franchisee struggles
- 02MEDNo disclosed average revenue or net income data (missing Item 19) prevents ROI validation and is a major transparency red flag
- 03MEDMultiple active antitrust class actions (5 separate cases) directly threaten the commission-based business model and franchisee profitability
- 04MINORTCPA class action (Bumpus) indicates potential compliance issues with lead generation practices affecting franchisee operations
- 05MINORUnprotected territory creates direct competition risk and limits franchisee market exclusivity despite $62,150-$552,500 investment range
- 06HIGHRecent shareholder litigation tied to Compass merger suggests corporate instability and potential future restructuring affecting franchisee support
- 07HIGHGoing concern status is FALSE, indicating the franchisor may face financial viability questions during the franchise term
Severity inferred from the FDD text · not a regulatory classification
FDD Items 5, 6, 12, 17 · continued from Risk & Legal
Contract & Territory Detail
Item 11
Training & Operations
Item 20
Franchisee Contacts
Phone numbers extracted directly from this brand's FDD Item 20. After purchase, you'll also receive a list of validation questions tailored to this brand.
Franchisee contacts
72 numbers
One-time purchase · CSV download · Validation questions included
FDD download
Corcoran · FDD (2026) PDF