Next Generation Realty vs Corcoran Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Next Generation Realty vs Corcoran including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees
 
Next Generation Realty Franchise
Corcoran Franchise
Investment $30,000 - $397,800$52,850 - $520,500
Franchise Fee $19,900 - $267,700$35,000
Royalty Fee 4.5%6%
Advertising Fee 3%0.5%-1%
Year Founded 19942015
Year Franchised 19942019
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements
 
Next Generation Realty Franchise
Corcoran Franchise
Experience --

Financing Options
 
Next Generation Realty Franchise
Corcoran Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support
 
Next Generation Realty Franchise
Corcoran Franchise
Training --
Support --
Marketing --
Operations --

Expansion Plans
 
Next Generation Realty Franchise
Corcoran Franchise
US Expansion -Yes
Canada Expansion --
International Expansion -Yes

Company Overviews

About Next Generation Realty

Next Generation Realty was founded in 1994 by Tom Franklin and Rob Doheny. Our philosophy is based on quality service at an affordable price. We believe that all real estate can be sold, and that by being our partner, it can be sold for one low flat fee. It was this belief that lead us to develop an alternative program that partners us with the seller in the marketing of their home. Our company operates around 3 Basic Principles:

 One Low Fee, on any priced home, paid at closing with no upfront fees. Our program presented in writing with guaranteed advertising. You can cancel at any time with no cost, no hassle.

Since our clients show their own home, our agents list and sell more homes!

About Corcoran

"Corcoran

Since 1973, the agents of Corcoran have been earning and keeping our clients’ trust with an unwavering commitment to integrity and service. In every market we serve,  Corcoran is a family of world-class professionals, combining real estate expertise with unrivaled market knowledge and neighborhood fluency.

The total investment necessary to begin operation of a Corcoran® franchise is approximately $52,850 to $333,200 for a conversion real estate office, and $134,350 to $520,500 for a start-up real estate office. This includes $5,000 to $35,000 that must be paid to the franchisor or an affiliate as an initial franchise fee. The initial franchise fee for a residential conversion or start-up franchise is $35,000 for the Main Office and $10,000 for each additional Branch Office.