Company: HOUS
Filing Date: 2025-02-25
Form Type: 10-K
Source: 0001398987-25-000020
Chunk: 285

Company: Anywhere Real Estate Inc.
Filing Date: 2025-02-25
Form: 10-K
Item: Item 1
Chunk 285
---
 by the Company’s real estate franchisees and are generally calculated based on a specified percentage of gross closed commissions earned on real estate transactions, and may be subject to certain minimum and maximum payments. Brand marketing fund revenue was $75 million, $82 million and $89 million for the years ended December 31, 2024, 2023 and 2022, respectively, which included marketing fees paid to Franchise Group from Owned Brokerage Group of $15 million, $14 million and $15 million for the years ended December 31, 2024, 2023 and 2022, respectively. As provided for in the franchise agreements and generally at the Company’s discretion, all of these fees are to be expended for marketing purposes.The number of franchised and company owned offices in operation are as follows: (Unaudited)As of December 31, 202420232022Franchised (domestic and international):Century 21®10,986 11,972 13,611 ERA®2,291 2,395 2,407 Coldwell Banker®2,145 2,140 2,100 Coldwell Banker Commercial®208 189 171 Sotheby’s International Realty®1,065 1,071 1,035 Better Homes and Gardens® Real Estate386 440 418 Corcoran®124 96 82 Total Franchised17,205 18,303 19,824 Company owned:Coldwell Banker®506 551 606 Sotheby’s International Realty®44 44 44 Corcoran®25 28 29 Total Company Owned575 623 679 The number of franchised and company owned offices (in the aggregate) changed as follows: (Unaudited)For the Year Ended December 31, 202420232022Franchised (domestic and international):Beginning balance18,303 19,824 20,355 Additions403 571 548 Terminations(1,501)(2,092)(1,079)Ending balance17,205 18,303 19,824 Company owned:Beginning balance623 679 675 Additions1 5 46 Closures(49)(61)(42)Ending balance575 623 679 As of December 31, 2024, there were an insignificant number of franchise agreements that were executed for