Company: MMI
Filing Date: 2025-11-07
Form Type: 10-Q
Source: 0001628280-25-050707
Chunk: 36

Company: Marcus & Millichap, Inc.
Filing Date: 2025-11-07
Form: 10-Q
Item: Part I, Item 1
Chunk 36
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,426 5,933 5,238 Other (1)4,945 683 190 93 $18,243 $8,076 $7,997 $7,007 (1)As of September 30, 2025, other, current primarily includes a legal accrual related to an ongoing litigation matter. See Note 13 – “Commitments and Contingencies” for additional information.

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 September 30, 2025 and 2024 of $19,000 and $18,000, respectively, and during both the nine months ended September 30, 2025 and 2024 of $45,000. 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 nine months ended September 30, 2025, the Company did not have any transactions with subsidiaries of MMC. For the three and nine months ended September 30, 2024, the Company earned real estate brokerage commissions and financing fees of $0 and $1,020,000, respectively, from transactions with subsidiaries of MMC related to these services. For the three and nine months ended September 30, 2024, the Company incurred cost of services of $0 and $610,000, respectively, related to this revenue. Operating Lease with MMC The Company has an operating lease with MMC for a single-story office building located in Palo Alto, California, which expires in May 2032. The related operating lease cost was $291,000 for both the three months ended September 30, 2025 and 2024, and $872,000 for both the nine months ended September 30, 2025 and 2024. Operating lease cost is included in selling, general and administrative expense in the accompanying condensed consolidated statements of operations. The related operating lease right-of-use asset