Company: MMI
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0001578732-25-000015
Chunk: 88

Company: Marcus & Millichap, Inc.
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 88
---
 1,817 Average Number of Transactions per Investment Sales Professional3.38 3.14 5.01 Average Commission per Transaction$108,261 $102,238 $128,450 Average Commission Rate1.75 %1.82 %1.72 %Average Transaction Size (in thousands)$6,174 $5,630 $7,473 Total Number of Transactions5,447 5,475 9,111 Total Sales Volume (in millions)$33,630 $30,823 $68,088 

Years Ended December 31,Financing (1)202420232022Average Number of Financing Professionals101 96 86 Average Number of Transactions per Financing Professional12.37 11.21 24.92 Average Fee per Transaction$52,955 $50,677 $44,546 Average Fee Rate0.73 %0.81 %0.74 %Average Transaction Size (in thousands)$7,283 $6,254 $5,984 Total Number of Transactions1,249 1,076 2,143 Total Financing Volume (in millions)$9,096 $6,729 $12,823 

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

35

The following table sets forth the number of transactions, sales volume and revenue by commercial real estate market for real estate brokerage:

Years Ended December 31,20242023ChangeReal Estate Brokerage NumberVolumeRevenueNumberVolumeRevenueNumberVolumeRevenue(in millions)(in thousands)(in millions)(in thousands)(in millions)(in thousands)<$1 million819$446 $21,034 809$483 $20,894 10$(37)$140 Private Client Market ($1 – <$10 million)3,96712,802 365,837 4,09713,616 372,979 (130)(814)(7,142)Middle Market ($10 – <$20 million)3444,764 84,186 3034,117 73,007 41647 11,179 Larger Transaction Market (≥$20 million)31715,618 118,638 26612,607 92,872 513,011 25,766 5,447$33,630 $589,695 5,475$30,823 $559,752 (28)$