NextHome vs Corcoran Franchise Comparison

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

Start-Up Costs and Fees

 
NextHome Franchise
Corcoran Franchise
Investment $14,750 - $213,100$52,850 - $520,500
Franchise Fee $3,750 - $8,000$35,000
Royalty Fee $180-$190/mo.6%
Advertising Fee $75-85/transaction0.5%-1%
Year Founded 20142015
Year Franchised 20142019
Term Of Agreement --
Term Of Agreement --
Renewal Fee --


Business Experience Requirements

 
NextHome Franchise
Corcoran Franchise
Experience --

Financing Options

 
NextHome Franchise
Corcoran Franchise
  In-House/3rd PartyIn-House/3rd Party
Franchise Fees -/--/-
Start-up Costs -/--/-
Equipment -/--/-
Inventory -/--/-
Receivables -/--/-
Payroll -/--/-

Training & Support

 
NextHome Franchise
Corcoran Franchise
Training Classroom Training: 28 hours -
Support Newsletter Meetings/Conventions Toll-Free Line Grand Opening Online Support Security/Safety Procedures Field Operations Site Selection Proprietary Software Franchisee Intranet Platform -
Marketing Ad Templates National Media Social media SEO Website development Email marketing-
Operations Number of Employees Required to Run: 1-

Expansion Plans

 
NextHome Franchise
Corcoran Franchise
US Expansion YesYes
Canada Expansion --
International Expansion -Yes

Company Overviews

About NextHome

The real estate industry is shifting. Our current population of brokers and agents are becoming more seasoned, and many are looking for succession plan options.
In the last 15 years, the number of REALTORS® in their 40’s has dropped, and even fewer of the next generation are choosing to enter the industry. The consumer population is changing. Generations X and Y now make up the majority of all homebuyers and sellers. By 2020 Millennials will make up at least half of the American workforce, and more than 90% plan to buy homes. Yet the majority of brokerage brands and models have not changed in culture, technology, products, services and marketing to become more relevant to today’s consumer and agents.
"NextHome
Created on a foundation of over forty years of franchising experience, and a leadership team who knows every side of the business. NextHome redesigned how a real estate franchise partners with its brokers. NextHome focuses on empowering every broker with streamlined, progressive products and world-class marketing.
The consumer is our focal point for evaluating and implementing new ideas, allowing you to remain relevant and capitalize on smart strategic growth.
NextHome strives to help you achieve agent productivity, increased profitability and systems for long-term success.

"Entrepreneur

#95 in Franchise 500 for 2020.
#79 in Franchise 500 for 2021.














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.