FDD Items 3 & 4 · 2026 filing

Corcoran litigation history

What Corcoran disclosed about lawsuits, arbitrations and bankruptcy in the 2026 Franchise Disclosure Document. Item 3 lists the material legal actions a franchisor must report; Item 4 covers bankruptcy. This is the franchisor's own disclosure, not a court record, and not legal advice.

Items 3 (litigation) & 4 (bankruptcy) at a glance

What the filing discloses

Cases disclosed: 10; Item 3, as counted in the filing

Largest settlement, franchisor's own cases: None stated

Bankruptcy (Item 4): None; Franchisor, parent, predecessor or officer

Filing year: 2026; Disclosures cover the prior ten years

Extracted from the 2026 Franchise Disclosure Document

Item 3: litigation

Primarily antitrust/commission-related class actions against parent Anywhere Real Estate Inc. regarding NAR buyer-broker commission rules (Moehrl, Burnett, Nosalek, Batton); TCPA class action (Chinitz); Homie Technology antitrust (dismissed); Merger-related shareholder suits (largely resolved/settled); RESPA class action (Dodge, settled $8.375M); HUD/FTC regulatory proceeding (resolved by consent decree); Washington AG investigation ongoing.

Item 3 (litigation) · 10 matters disclosed · 8 pending listed

Litigation cases

Parent, affiliates, master franchisor and subfranchisor

Pending (8)

Anywhere Real Estate/Compass Merger Related Litigation
pending
Brought by a third party · Anywhere Real Estate Inc., its Board of Directors and its Chief Executive Officer · filed 2025-12-10 · Supreme Court of the State of New York, County of New York; and Superior Court of New Jersey, Morris County, General Equity Division
“… Anywhere filed with the SEC a definitive proxy statement on December 2, 2025 (the “Definitive Proxy Statement”) for the”Page 26 of the 2026 FDD, Item 3
Outcome: “On January 2, 2026, the Drulias plaintiff filed a notice voluntarily discontinuing the action with prejudice. C. Other Resolved Litigation. 1. Sheri Dodge and Neil Dodge and Ram” (page 27)
Batton, Bolton, Brace, Kim, James, Mullis, Bisbicos and Parsons v. The National Association of Realtors, Realogy Holdings Corp., HomeServices of America, Inc. BHH Affiliates, LLC, HSF Affiliates, LLC, The Long & Foster Companies, Inc., RE/MAX LLC and Keller Williams Realty, Inc.
pending
Brought by a third party · Anywhere Real Estate Inc. (f/k/a Realogy Holdings Corp.) · filed 2021-01-25 · U.S. District Court, Northern District of Illinois · 1:21-cv-430 (formerly captioned Leeder)
“Batton, Bolton, Brace, Kim, James, Mullis, Bisbicos and Parsons v. The National Association of Realtors, Realogy Holdings Corp., HomeServices of America, Inc. BHH Affiliates,”Page 23 of the 2026 FDD, Item 3
Outcome: “on March 4, 2026, the Tucorri court granted preliminary approval of the Anywhere Opt-In Settlement. Batton counsel will have the opportunity to seek to appoint itself as interim” (page 24)
Jennifer Nosalek, Randy Hirschorn, and Tracey Hirschorn, individually and on behalf of all other similarly situated, v. MLS Property Information Network, Inc., Anywhere Real Estate Inc. (f/k/a Realogy Holdings Corp.), Century 21 Real Estate LLC, Coldwell Banker Real Estate LLC, Sotheby’s Internation
pending
Brought by a third party · Anywhere Real Estate Inc. (f/k/a Realogy Holdings Corp.) · filed 2020-12-17 · U.S. District Court for the District of Massachusetts · 1:20-cv-12244
“Jennifer Nosalek, Randy Hirschorn, and Tracey Hirschorn, individually and on behalf of all other similarly situated, v. MLS Property Information Network, Inc., Anywhere Real”Page 22 of the 2026 FDD, Item 3
Outcome: “On February 14, 2024, the Court entered a stay on all claims against the Anywhere defendants in light of Anywhere’s nationwide settlement in the Moehrl and Burnett matters,” (page 23)
Christopher Moehrl, individually and on behalf of others similarly situated v. The National Association of Realtors, Realogy Holdings Corp., HomeServices of America, Inc., Re/Max Holdings, Inc., and Keller Williams Realty, Inc.
pending
Brought by a third party · Anywhere Real Estate Inc. (f/k/a Realogy Holdings Corp.) · filed 2019-03-06 · United States District Court for the Northern District of Illinois · 1:19-cv-01610 (consolidated with 1:19-cv-02544, Sawbill Strategic, Inc.)
“Christopher Moehrl, individually and on behalf of others similarly situated v. The National Association of Realtors, Realogy Holdings Corp., HomeServices of America, Inc.,”Page 20 of the 2026 FDD, Item 3
Outcome: “The Court granted final approval of the Anywhere Settlement Agreement on May 9, 2024. The final approval has been appealed by several parties and is currently pending in the” (page 21)
Ronald Chinitz, Sarah Bumpus, David Gritz, Micheline Peker, Nathan Rowan, Cheryl Rowan, Daniel Caruso, and Paramjit Lalli, individually and on behalf of a class of similarly situated persons v. Realogy Holdings Corp., Realogy Intermediate Holdings LLC, Realogy Group LLC, Realogy Services Group LLC,
pending
Brought by a third party · Anywhere Advisors LLC and the other Anywhere defendants · filed 2019-06-11 · U.S. District Court, Northern District of California, San Francisco Division · 3:19-cv-03309-JD
“Ronald Chinitz, Sarah Bumpus, David Gritz, Micheline Peker, Nathan Rowan, Cheryl Rowan, Daniel Caruso, and Paramjit Lalli, individually and on behalf of a class of similarly”Page 24 of the 2026 FDD, Item 3
Outcome: “Plaintiffs filed a Motion for Final Approval of the Class Action Settlement on July 24, 2025, which the Court heard on January 29, 2026, and for which a ruling remains pending.” (page 25)
Scott and Rhonda Burnett, Ryan Hendrickson, Jarod Breit, Scott Trupiano, and Jeremy Keel, on behalf of themselves and all others similarly situated v. National Association of Realtors, Realogy Holdings Corp., HomeServices of America, Inc., BHH Affiliates, LLC, HSF Affiliates, LLC, Re/Max LLC and Kel
pending
Brought by a third party · Anywhere Real Estate Inc. (f/k/a Realogy Holdings Corp.) · filed 2019-04-29 · United States District Court for the Western District of Missouri · 4:19-cv-00332-SRB
“Scott and Rhonda Burnett, Ryan Hendrickson, Jarod Breit, Scott Trupiano, and Jeremy Keel, on behalf of themselves and all others similarly situated v. National Association of”Page 21 of the 2026 FDD, Item 3
Outcome: “The Court granted final approval of the Anywhere Settlement Agreement on May 9, 2024. The final approval has been appealed by several parties and is currently pending in the” (page 22)
Homie Technology, Inc., a Delaware corporation v. National Association of Realtors, an Illinois non-profit association; Anywhere Real Estate Inc., a Delaware corporation; Keller Williams Realty, Inc., a Texas corporation; HomeServices of America, Inc., a Delaware corporation; HSF Affiliates, LLC, a
pending
Brought by a third party · Anywhere Real Estate Inc. · U.S. District Court, Central District of Utah · 2:24-cv-00616
“Homie Technology, Inc., a Delaware corporation v. National Association of Realtors, an Illinois non-profit association; Anywhere Real Estate Inc., a Delaware corporation; Keller”Page 25 of the 2026 FDD, Item 3
Outcome: “and dismissed all claims, with prejudice. On August 7, 2025, Plaintiff filed a Notice of Appeal of the dismissal of its claims. The appeal has been fully briefed, and we are” (page 26)
The Office of the Attorney General of the State of Washington
pending
Brought by a third party · Anywhere and its Real Estate Affiliates · Washington Office of the Attorney General (Civil Investigative Demand)
“… The Washington Office of the Attorney General is conducting an investigation concerning contracts, combinations,”Page 28 of the 2026 FDD, Item 3
Outcome: “Anywhere and its Real Estate Affiliates will continue to work with the Office of the Attorney General to provide the requested information. There could potentially be similar”

Concluded (2)

Sheri Dodge and Neil Dodge and Ram Agrawal and Sarita Agrawal, individually and on behalf of all others similarly situated v. PHH Corporation, Realogy Holdings Corp., PHH Home Loans LLC, PHH Mortgage Corporation, RMR Financial, LLC, NE Moves Mortgage LLC, PHH Broker Partner Corporation, Realogy Grou
concluded
Brought by a third party · Realogy Holdings Corp. and certain of its subsidiaries · filed 2015-11-25 · United States District Court, Central District of California · 8:15-CV-01973
“Sheri Dodge and Neil Dodge and Ram Agrawal and Sarita Agrawal, individually and on behalf of all others similarly situated v. PHH Corporation, Realogy Holdings Corp., PHH Home”Page 27 of the 2026 FDD, Item 3
Outcome: “Final judgment was entered on August 27, 2018, and the matter was dismissed. On September 10, 2018, Realogy paid its portion of the settlement in the amount of $8,375,000.”
The Department of Housing and Urban Development (“HUD”) and the FTC conducted a joint regulatory investigation of the activities of Property I.D. Associates, LLC (“Associates”)
concluded
Government or regulatory action · Realogy, NRT and Coldwell Banker Residential Brokerage · Central District of California, United States District Court (HUD lawsuit filed 23 May 2007)
“The Department of Housing and Urban Development (“HUD”) and the FTC conducted a joint regulatory investigation of the activities of Property I.D. Associates, LLC (“Associates”),”Page 28 of the 2026 FDD, Item 3
Outcome: “In May 2008, HUD and the Realogy parties agreed to settle the matter with no imposition of fines or penalties and a permanent injunction to refrain from future joint ventures”

Item 3 lists the litigation the franchisor must disclose; a matter against a parent, an affiliate or a named officer is not a matter against the franchisor, and pending claims are allegations, not findings.

Disclosure signals that moved the score

How this shows up in the verdict

Recent shareholder litigation tied to Compass merger suggests corporate instability and potential future restructuring affecting franchisee support

The verdict grade is FranchiseVerdict's editorial assessment across SBA loan performance, unit growth, revenue and disclosure signals. It is not investment advice.

Before you weigh a lawsuit

How to read Item 3

A franchisor must disclose pending actions and any material civil action involving the franchise relationship, plus convictions or civil judgments for fraud, unfair or deceptive practices, or franchise-law violations, going back ten years. A case the franchisor brought against a franchisee counts too. Item 3 does not include every dispute: settled claims below the materiality line and matters resolved in private arbitration can be absent.

Questions worth asking current and former franchisees, using the contact list in Item 20:

Were you, or anyone you know in the system, party to a dispute with the franchisor?
Was it resolved by settlement, arbitration or a court, and on what terms?
Has the number of disputes gone up or down since you signed?

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