Company: HOUS
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001398987-25-000067
Chunk: 95

Company: Anywhere Real Estate Inc.
Filing Date: 2025-05-07
Form: 10-Q
Item: Item 2
Chunk 95
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 revenue impact of each incremental side.

For Owned Brokerage Group, we also gauge performance using Gross Commission Income Per Side. This metric is derived by dividing gross commission income (comprising commissions from homesale transactions and other activities, primarily leasing transactions) by closed homesale sides. Owned Brokerage Group, as a franchisee of Franchise Group, pays a royalty fee of approximately 6% per transaction to Franchise Group. The remaining gross commission income is distributed between the broker (Owned Brokerage Group) and independent sales agents based on their respective independent contractor agreements, specifying the agent's share of the broker commission.

For Title Group, our assessment of operating performance centers on key metrics related to title and closing units differentiating between Purchase Title and Closing Units (resulting from home purchases), and Refinance Title and Closing Units (stemming from homeowners refinancing their home loans). The Average Fee Per Closing Unit metric represents the average fee earned on both purchase and refinancing title sides.

The following table presents our drivers for the three months ended March 31, 2025 and 2024. See "Results of Operations" below for a discussion as to how these drivers affected our business for the periods presented.

Three Months Ended March 31, 20252024% ChangeAnywhere Brands - Franchise Group (a)Closed homesale sides 137,089 144,775 (5)%Average homesale price$516,999 $470,119 10 %Average homesale broker commission rate2.41 %2.43 %(2) bpsNet royalty per side$453 $417 9 %Anywhere Advisors - Owned Brokerage GroupClosed homesale sides49,461 50,513 (2)%Average homesale price$799,750 $709,506 13 %Average homesale broker commission rate2.35 %2.41 %(6) bpsGross commission income per side$19,720 $17,946 10 %Anywhere Integrated Services - Title GroupPurchase title and closing units21,349 21,325 — %Refinance title and closing units2,504 2,025 24 %Average fee per closing unit$3,476 $3,208 8 %

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(a)Includes all franchisees except for Owned Brokerage Group.

Declines in the number of closed homesale sides and/or declines in average homesale price adversely affect our results of operations by: (i