Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 153

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 153
---
 investment sales, financing and other transactions, respectively, with total sales volume of approximately $12.3 billion and $9.5 billion, respectively. Such key metrics for real estate brokerage and financing activities (excluding other transactions) are as follows:

Three Months EndedJune 30,Six Months EndedJune 30,Real Estate Brokerage2025202420252024Average Number of Investment Sales Professionals1,543 1,620 1,560 1,629 Average Number of Transactions per Investment Sales Professional0.89 0.79 1.63 1.46 Average Commission per Transaction$102,849 $106,465 $103,937 $103,159 Average Commission Rate1.76 %1.89 %1.81 %1.91 %Average Transaction Size (in thousands)$5,830 $5,636 $5,755 $5,404 Total Number of Transactions1,375 1,272 2,550 2,374 Total Sales Volume (in millions)$8,016 $7,169 $14,675 $12,830 

Three Months EndedJune 30,Six Months EndedJune 30,Financing (1)2025202420252024Average Number of Financing Professionals101 100 102 100 Average Number of Transactions per Financing Professional4.05 2.72 7.31 5.06 Average Fee per Transaction$53,448 $51,184 $48,594 $49,331 Average Fee Rate0.64 %0.76 %0.68 %0.72 %Average Transaction Size (in thousands)$8,294 $6,705 $7,131 $6,885 Total Number of Transactions409 272 746 506 Total Financing Volume (in millions)$3,392 $1,824 $5,320 $3,484 

(1)Operating metrics exclude certain financing fees not directly associated with transactions. 

36

Comparison of Three Months Ended June 30, 2025 and 2024 

Below are key operating results for the three months ended June 30, 2025 compared to the three months ended June 30, 2024 (dollars in thousands): 

Three Months Ended June 30, 2025PercentageofRevenue Three Months Ended June 30, 2024PercentageofRevenue Change Dollar