The Corcoran Group was established in 1973 by Barbara Corcoran, who started the business with a $1,000 loan. The company operates as a full-service real estate brokerage firm that joined Compass in 2001. The Corcoran Group specializes in residential sales and rentals while also offering consulting services for developers. Additionally, the company provides property management services for both residential and commercial properties. The Corcoran Group has expanded through franchises and affiliates across various markets.