Company: MMI
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001578732-25-000040
Chunk: 95

Company: Marcus & Millichap, Inc.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 95
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 Three Months EndedJune 30,Six Months EndedJune 30,2025202420252024Increase in the carrying value of the assets held in the rabbi trust (1)$794 $280 $631 $969 Increase in the net carrying value of the deferred compensation obligation (2)$(777)$(161)$(545)$(736)(1)Recorded in other income, net in the condensed consolidated statements of operations. (2)Recorded in selling, general and administrative expense in the condensed consolidated statements of operations.

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Table of ContentsMARCUS & MILLICHAP, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Unaudited) 

Other Liabilities Other liabilities consisted of the following (in thousands): CurrentNon-CurrentJune 30,2025December 31,2024June 30,2025December 31,2024Deferred consideration$— $411 $— $— Contingent consideration597 4,614 223 117 Dividends payable939 942 1,215 1,559 Loan guarantee obligation1,739 1,426 5,791 5,238 Other822 683 81 93 $4,097 $8,076 $7,310 $7,007 

6.    Related-Party Transactions 

Shared and Transition Services Certain services are provided to the Company under a Transition Services Agreement (“TSA”) between MMC and the Company. The TSA is intended to provide certain services until the Company acquires these services separately. In addition, the Company charges MMC for certain shared licensing arrangements. Under the TSA, the Company received net charge-backs during the three months ended June 30, 2025 and 2024 of $18,000 and $17,000, respectively, and during the six months ended June 30, 2025 and 2024 of $26,000 and $27,000, respectively. These amounts are included in selling, general and administrative expense in the accompanying condensed consolidated statements of operations. Brokerage and Financing Services with the Subsidiaries of MMC MMC has wholly or majority owned subsidiaries that buy and sell commercial real estate properties. The Company performs certain brokerage and financing services related to transactions of the subsidiaries of MMC. For the three and six months ended June 30, 2025, the Company did not have any transactions with subsidiaries of MMC. For the three and six