Company: HOUS
Filing Date: 2025-03-24
Form Type: DEF 14A
Source: 0001398987-25-000047
Chunk: 45

Company: Anywhere Real Estate Inc.
Filing Date: 2025-03-24
Form: DEF 14A
Chunk 45
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 significant uncertainty driven by actual and potential changes to a number of industry rules or practices that impact the functioning of the U.S. residential brokerage industry and our business.

In August 2024, NAR entered into a nationwide class action settlement (the "NAR Settlement") under which NAR agreed to certain practice changes including, but not limited to: prohibiting offers of compensation to buyer brokers from being made on listings on a multiple listing service (an “MLS”), requiring Realtors® representing a buyer to enter into a written agreement with a buyer, setting forth the buyer broker’s fee and obligations before showing the buyer a property, and prohibiting Realtors® from representing their services as free, or collecting greater compensation than set forth in the written agreement with the buyer. The NAR Settlement allowed for participation by non-NAR MLSs, but a number of those MLSs have elected not to participate in the NAR Settlement, and as such, they will continue to operate on their own rules regarding broker compensation and will not be restricted by the constraints in the NAR Settlement.

Significant structural changes to the industry such as the NAR Settlement have and may continue to be driven by an array of factors, including but not limited to regulatory developments, litigation, changes to the rules and practices of market participants like NAR and MLSs, consumer preferences, and evolving competitive dynamics. While the exact timing and extent of future changes remain uncertain, it is clear that the evolving regulatory, competitive, and consumer landscapes will significantly reshape the residential real estate market, with potentially material effects on our operations, financial performance, and market position.

Against this difficult backdrop, Anywhere revenues of $5.7 billion for the year ended December 31, 2024 increased 1% year-over-year, with a net loss of $128 million.

Despite tough industry conditions, Anywhere management continued to execute against the strategic priorities within their control and deliver meaningful results:

▪ Delivered Operating EBITDA* of $290 million, representing an increase of approximately 14% over 2023 from $255 million to $290 million.

▪ Achieved cost savings of approximately $125 million, exceeding our initial target for the second consecutive year.

| 2025 Proxy Statement |     | 36 |

| TABLE OF CONTENTS |     | CORPORATE GOVERNANCE |     | PROPOSAL 1 |     | EXECUTIVE COMPENSATION |     | PROPOSAL 2 |     | PROPOSAL 3 |     | PROPOSAL 4 |