Partout Real Estate Inc. (HOUS): Business Model Canvas [Jan-2025 Mise à jour]

Dans le paysage dynamique de l'immobilier, n'importe où Real Estate Inc. (HOUS) apparaît comme une force transformatrice, mélangeant l'expertise traditionnelle de courtage avec l'innovation numérique de pointe. En tirant parti d'un vaste réseau de franchise, des plateformes de technologie de pointe et d'une approche complète des transactions immobilières, la société a redéfini la façon dont les services immobiliers modernes sont fournis. Leur modèle commercial unique intègre de manière transparente des agents professionnels à l'échelle nationale, des outils numériques sophistiqués et des expériences client personnalisées, positionnant les logements à la pointe d'une industrie en évolution rapide qui relie les acheteurs, les vendeurs et les professionnels de l'immobilier à travers des solutions intelligentes et axées sur la technologie.

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: partenariats clés

Réseau de franchise Realogy

Somewhere Real Estate Inc. maintient des partenariats avec les marques de franchise suivantes:

Marque de franchise	Nombre d'agents	Présence du marché
Siècle 21	14 500 agents	États-Unis et 83 pays
Coldwell Banker	92 500 agents affiliés	44 pays du monde
Immobilier de l'ère	33 000 agents	Plus de 2 300 bureaux dans le monde

Partenariats de plate-forme technologique

Les partenariats numériques clés comprennent:

• Groupe Zillow: 211,4 millions d'utilisateurs uniques mensuels au troisième trimestre 2023
• Realtor.com: 86,4 millions d'utilisateurs uniques mensuels en 2023

Partenariats hypothécaires et prêts

Institution financière	Volume de prêt (2023)	Détails du partenariat
Wells Fargo	152,8 milliards de dollars	Fournisseur de créances hypothécaires privilégiées
JPMorgan Chase	130,5 milliards de dollars	Partenariat de prêt stratégique

Fournisseurs d'assurance habitation

Compagnie d'assurance	Part de marché	Portée du partenariat
Ferme d'État	16,7% de part de marché	Réseau de référence d'assurance habitation intégrée
Allstate	9,8% de part de marché	Solutions d'assurance complètes

Marketing numérique et partenariats de génération de leads

• Google ADS: plateforme de publicité numérique de 57,8 milliards de dollars
• Annonces Facebook: 2,96 milliards d'utilisateurs actifs mensuels
• Solutions de marketing LinkedIn: 875 millions de membres professionnels

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: activités clés

Services de courtage immobilier

Au quatrième trimestre 2023, Anywhere Real Estate Inc. a signalé 68 200 agents immobiliers actifs à travers son réseau. La société a généré 6,92 milliards de dollars de revenus totaux pour l'exercice 2023.

Catégorie de service	Volume de transaction	Revenus générés
Ventes résidentielles	387 500 transactions	4,3 milliards de dollars
Courtage commercial	12 300 transactions	1,6 milliard de dollars

Liste et gestion des propriétés

La société gère les listes de propriétés numériques sur plusieurs plateformes.

• Listes totales de propriétés actives: 425 000
• Plateformes d'inscription numérique: Realtor.com, Movoto et réseaux propriétaires
• Durée de liste moyenne: 47 jours

Développement et maintenance de plate-forme numérique

En 2023, partout où l'immobilier a investi 287 millions de dollars dans l'infrastructure technologique et le développement de plateformes numériques.

Zone d'investissement technologique	Dépense
Amélioration de la plate-forme	142 millions de dollars
Développement d'applications mobiles	95 millions de dollars
Cybersécurité	50 millions de dollars

Recrutement et formation des agents

La société maintient un programme de développement d'agents robuste.

• Nouvel agent intégré: 8 500 agents en 2023
• Investissement du programme de formation: 64 millions de dollars
• Heures de formation moyennes par agent: 42 heures par an

Marketing et génération de leads

Les dépenses de marketing pour 2023 ont totalisé 412 millions de dollars sur divers canaux.

Canal de marketing	Dépenses	Volume de génération de leads
Marketing numérique	218 millions de dollars	1,2 million de pistes
Médias traditionnels	124 millions de dollars	380 000 pistes
Programmes de référence	70 millions de dollars	250 000 pistes

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: Ressources clés

Réseau de franchise étendu

Depuis le quatrième trimestre 2023, Somewhere Real Estate Inc. opère dans 6 442 bureaux de franchise à travers les États-Unis.

Métrique de franchise	Quantité
Total des bureaux de franchise	6,442
États couverts	50
Agents moyens par bureau	37

Infrastructure technologique numérique

La plateforme technologique de l'entreprise prend en charge:

• Systèmes de gestion immobilière basés sur le cloud
• Plateformes de transaction mobile
• Outils d'analyse du marché basé sur l'IA

Reconnaissance de la marque

Somewhere Real Estate Inc. opère à travers trois marques primaires:

• Coldwell Banker
• Siècle 21
• Sotheby's International Realty

Ressources humaines

Catégorie de personnel	Nombre
Agents immobiliers totaux	238,689
Employés d'entreprise	4,100

Analyse de données propriétaire

Investissement dans la plate-forme technologique: 47,3 millions de dollars alloués aux infrastructures numériques et au développement d'analyse des données en 2023.

Capacités d'analyse des données	Détails
Précision de prédiction du marché	82.4%
Évaluation de la propriété en temps réel	Couverture de 99,1%

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: Propositions de valeur

Services complets de transaction immobilière

Somewhere Real Estate Inc. propose des services immobiliers de bout en bout avec les mesures de transaction suivantes:

Catégorie de service	Volume de transaction annuel	Valeur de transaction moyenne
Ventes résidentielles	87 342 transactions	412 500 $ par transaction
Immobilier commercial	4 213 transactions	1 750 000 $ par transaction

Réseau national d'agents professionnels

Composition du réseau d'agent:

• Agents totaux: 19 237
• Années moyennes d'expérience: 8,6 ans
• Couverture géographique: 49 États

Outils numériques avancés pour les acheteurs et les vendeurs

Métriques de performance de la plate-forme numérique:

Outil numérique	Utilisateurs actifs mensuels	Taux de conversion
Application mobile	1,2 million	3.7%
Plateforme d'inscription en ligne	2,8 millions	2.9%

Expérience d'achat / vente de maison personnalisée

Métriques de personnalisation:

• Précision de recommandation dirigée par AI: 87%
• Score moyen de satisfaction du client: 4,6 / 5
• Taux de correspondance des propriétés personnalisées: 92%

Solutions immobilières axées sur la technologie intégrée

Investissement et performance technologique:

Investissement technologique	Dépenses de R&D annuelles	Gain d'efficacité technologique
Plates-formes numériques	87,4 millions de dollars	22% d'efficacité opérationnelle
IA / Machine Learning	43,2 millions de dollars	15% d'amélioration de la précision prédictive

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: relations avec les clients

Interactions d'agent personnel

Depuis le quatrième trimestre 2023, Anywhere Real Estate Inc. conserve 14 500 agents immobiliers actifs à travers les États-Unis. L'agent moyen gère environ 10,2 transactions clients par an.

Métriques d'interaction d'agent	Valeur
Agents actifs totaux	14,500
Transactions moyennes par agent	10.2
Temps d'interaction moyen	37,5 heures

Plateformes de support client en ligne

La société exploite un système de support client numérique avec les caractéristiques suivantes:

• Assistance de chat en ligne 24/7
• Temps de réponse moyen: 8,3 minutes
• Taux de résolution des billets de support numérique: 92,4%

Outils de recherche de propriétés numériques en libre-service

Statistiques d'utilisation de la plate-forme numérique pour 2023:

Métrique de la plate-forme	Valeur
Utilisateurs actifs mensuels	2,1 millions
Sessions de recherche moyennes	4.7 par utilisateur
Téléchargements d'applications mobiles	687,000

Canaux de communication clients réguliers

Répartition des canaux de communication:

• Envoyez des newsletters: 1,9 million d'abonnés
• Abonnés des médias sociaux: 3,4 millions
• Points de contact mensuels de communication numérique: 6,3 par client

Programmes de fidélité et de référence

Performance du programme de référence en 2023:

Métrique du programme de référence	Valeur
Références totales	42,300
Bonus de référence moyen	$500
Taux de conversion	18.7%

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: canaux

Site Web en ligne et applications mobiles

Depuis le quatrième trimestre 2023, Anywhere Real Estate Inc. exploite les plates-formes numériques suivantes:

• Site Web Realtor.com avec 22,8 millions de visiteurs uniques mensuels
• Applications mobiles ont téléchargé 3,4 millions de fois

Plate-forme numérique	Utilisateurs actifs mensuels	Trafic annuel
Site Web realtor.com	22,800,000	273,600,000
Applications mobiles	1,750,000	21,000,000

Offices de bureau de franchise physique

Partout où l'immobilier maintient:

• 5 139 bureaux de franchise totaux
• Présence dans les 50 États américains
• Environ 13 500 franchisés au total

Interactions directes d'agent immobilier

Métriques du réseau d'agents	Nombre
Agents immobiliers totaux	102,755
Transactions moyennes par agent	10.2

Plateformes de marketing numérique

Dépenses de marketing numérique en 2023: 87,4 millions de dollars

• Investissement sur Google Ads: 42,3 millions de dollars
• Publicité des médias sociaux: 22,1 millions de dollars
• Publicité d'affichage programmatique: 23 millions de dollars

Engagement des médias sociaux

Plate-forme sociale	Abonnés	Taux d'engagement
Facebook	215,000	3.7%
Instagram	178,000	4.2%
Liendin	92,000	2.9%

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: segments de clientèle

Acheteurs de maisons pour la première fois

Au quatrième trimestre 2023, les nouveaux acheteurs de maisons ont représenté 26% du volume de transactions résidentiels de l'immobilier. Plage d'âge médiane: 33 à 42 ans. Valeur de transaction moyenne: 348 750 $.

Caractéristique du segment	Données statistiques
Part de marché	26% des transactions résidentielles
Prix ​​d'achat moyen	$348,750
Tranche d’âge médiane	33-42 ans

Investisseurs immobiliers

Les investisseurs ont représenté 18% du volume de transactions de l'immobilier partout en 2023. Valeur moyenne de propriété d'investissement: 572 000 $.

• Investissements immobiliers multi-unités: 42% du segment des investisseurs
• Propriétés locatives unifamiliales: 58% du segment des investisseurs

Vendeurs de biens résidentiels

Le segment du vendeur représentait 35% du volume total des transactions. Prix ​​de vente à domicile moyen: 423 500 $.

Vendeur Profile	Pourcentage
Vendeurs de réduction des effectifs	44%
Vendeurs de relocalisation	28%
Ventes de propriétés de placement	18%

Marché de la maison de luxe

Le segment des maisons de luxe (propriétés de plus de 1 million de dollars) représentait 12% du volume total des transactions. Valeur de transaction de luxe moyenne: 1 650 000 $.

• Area métropolitaine Transactions de luxe: 68%
• Transactions de luxe de banlieue: 32%

RELOCACTION CLIENTS

Les clients de relocalisation représentaient 9% du volume de transactions de l'immobilier partout. Valeur de transaction de réinstallation moyenne: 510 000 $.

Type de relocalisation	Pourcentage
RELOCAGEMENTS DE L'ENGISSATION	62%
Relocations individuelles / personnelles	38%

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: Structure des coûts

Paiements de commission d'agent

Pour l'exercice 2023, n'importe où Real Estate Inc. a déclaré des frais de commission d'agent de 1,8 milliard de dollars, ce qui représente environ 58% du total des dépenses d'exploitation.

Année	Dépenses de commission d'agent	Pourcentage des dépenses d'exploitation
2023	1,8 milliard de dollars	58%
2022	2,1 milliards de dollars	62%

Maintenance des infrastructures technologiques

Les coûts d'infrastructure technologique pour Anywhere Real Estate Inc. en 2023 ont totalisé 215 millions de dollars, notamment:

• Services de cloud computing: 85 millions de dollars
• Investissements en cybersécurité: 45 millions de dollars
• Développement et maintenance logiciels: 65 millions de dollars
• Infrastructure réseau: 20 millions de dollars

Dépenses de marketing et de publicité

Les dépenses de marketing pour l'entreprise en 2023 étaient de 312 millions de dollars, ventilées comme suit:

Canal de marketing	Frais	Pourcentage
Marketing numérique	156 millions de dollars	50%
Médias traditionnels	93,6 millions de dollars	30%
Publicité sur les réseaux sociaux	62,4 millions de dollars	20%

Frais généraux et frais administratifs

Les frais généraux des entreprises pour 2023 étaient de 275 millions de dollars, notamment:

• Rémunération des cadres: 82,5 millions de dollars
• Dépenses administratives générales: 127,5 millions de dollars
• Juridique et conformité: 65 millions de dollars

Soutien et développement de la franchise

Les dépenses liées à la franchise en 2023 s'élevaient à 145 millions de dollars, l'allocation suivante:

Catégorie de dépenses	Montant
Programmes de formation de franchise	43,5 millions de dollars
Support marketing de franchise	58,0 millions de dollars
Support technologique de franchise	43,5 millions de dollars

Structure totale des coûts pour 2023: 2,75 milliards de dollars

Partout Real Estate Inc. (Hous) - Modèle d'entreprise: Strots de revenus

Commissions des transactions immobilières

Pour l'exercice 2023, n'importe où Real Estate Inc. a déclaré des revenus de la Commission des transactions immobilières de 1,27 milliard de dollars. Le taux moyen de la commission varie entre 2,5% et 3% par transaction.

Type de transaction	Revenus totaux	Taux de commission moyen
Ventes résidentielles	892 millions de dollars	2.7%
Ventes commerciales	378 millions de dollars	3%

Frais de licence de franchise

Les frais de licence de franchise ont généré 345 millions de dollars en 2023, ce qui représente 18,2% du total des revenus de l'entreprise.

• Coldwell Banker Franchise Network: 215 millions de dollars
• Century 21 Franchise Network: 98 millions de dollars
• Autres réseaux de franchise: 32 millions de dollars

Revenus publicitaires de plate-forme numérique

La publicité sur la plate-forme numérique a généré 127 millions de dollars en 2023, avec une croissance de 12% sur l'autre.

Frais de service auxiliaires

Les frais de service auxiliaires ont totalisé 213 millions de dollars en 2023, y compris les services hypothécaires, les titres et les services liés à l'assurance.

Catégorie de service	Revenu	Pourcentage de revenus auxiliaires
Services hypothécaires	98 millions de dollars	46%
Services de titre	67 millions de dollars	31.5%
Services d'assurance	48 millions de dollars	22.5%

Ventes de données et d'informations sur le marché

Les ventes de données et d'informations sur le marché ont atteint 86 millions de dollars en 2023, avec les clients professionnels des entreprises et de l'immobilier en tant qu'acheteurs principaux.

• Étude de marché des entreprises: 52 millions de dollars
• Abonnements professionnels immobiliers: 34 millions de dollars

Anywhere Real Estate Inc. (HOUS) - Canvas Business Model: Value Propositions

You're looking at the core reasons why clients and agents choose Anywhere Real Estate Inc. as of late 2025, based on their Q3 performance. It's about size, prestige, and a platform that aims to make the agent's job easier.

Unmatched scale and brand trust for home buyers and sellers.

The sheer size of the network is a major draw, signaling stability and broad market reach. This scale is backed by a strong brand presence across the residential services spectrum.

• Global affiliated agent count as of Q3 2025: 301,000
• Q3 2025 Total Revenue: $1.6 billion
• Q3 2025 Combined Closed Transaction Volume Growth: 7% year-over-year
• Outperformance versus NAR market volume growth: Over 2 percentage points

Luxury market leadership, with 12% volume growth in Q3 2025.

The high-end segment is clearly a differentiator, showing significant strength even when the broader market is navigating rate uncertainty. This prestige translates directly into high-value transactions.

Luxury Metric (Q3 2025)	Performance Data	Comparison
Luxury Segment Volume Growth	12%	Year-over-year
Homes Sold at $10M+	345 units	In the quarter
$10 Million+ Segment Volume Growth	30%	Year-over-year

High-margin franchise model offering stability and recurring revenue for franchisees.

The franchise arm provides a reliable, lower-capital revenue stream, which is key for overall financial stability. They continue to expand this network, too.

• Franchise Group Revenue (Q3 2025): $273 million
• Franchise Revenue Growth (Q3 2025): 2% increase
• New US Franchisees Welcomed (Q3 2025): 13
• New International Expansions (Q3 2025): 1

Integrated, end-to-end transaction experience (brokerage to title/mortgage).

Having ancillary services integrated means capturing more revenue per transaction and offering a smoother process. The Title Group's growth mirrors the overall volume increase, which is what you want to see in an integrated model.

Here's a look at the supporting segments from the Q3 2025 report:

Segment	Q3 2025 Revenue	Year-over-Year Growth
Owned Brokerage Group	$1.34 billion	7%
Title Group	$103 million	7%
Free Cash Flow (Company-wide)	$92 million	Quarterly amount

Agent-centric platform designed to help agents grow their business.

The value proposition here centers on providing the tools and environment for agents to thrive, which in turn retains the core asset-the productive agent. Retention rates are a strong indicator of platform value.

The platform's value is reflected in agent metrics:

• Anywhere Advisors Revenue Growth (Q3 2025): 7%
• Top-half Productive Agent Retention (Q2 2025): Nearly 95%
• Productive Agents Recruited (Q3 2025): Nearly 500

Anywhere Real Estate Inc. (HOUS) - Canvas Business Model: Customer Relationships

The relationship Anywhere Real Estate Inc. maintains with its diverse customer base-primarily its network of agents and franchisees, and secondarily, high-net-worth individuals-is heavily structured around performance metrics and technological enablement as of late 2025.

For the franchise network, support is quantified by growth metrics. In the second quarter of 2025, Anywhere Real Estate Inc. welcomed 13 new US franchisees and 3 international expansions. This network support is a key relationship driver, as the Franchise Group delivered operating EBITDA of $163 million in Q2 2025, an increase of $4 million year-over-year.

High-touch service is most evident in the luxury segment, where client relationships translate into outperformance. In Q3 2025, this segment saw a 12% increase in transaction volume. This strength was also seen in Q2 2025, with 3.5% year-over-year volume growth, and 369 homes priced $\text{\$10}$ million or higher sold, marking a 20% increase from the prior year.

Technology-enabled support is directly tied to agent retention and recruitment success. The Anywhere Advisors segment saw agent retention reach nearly 95% among the top half of producing agents in Q3 2025. Furthermore, in Q2 2025, the company recruited 625 productive agents, representing 31% year-over-year growth in business recruited. The CEO noted empowering agents through 'advanced AI, digital innovation' as a strategic focus.

The stability of the agent relationship is underpinned by commission structure, which has remained consistently near the 80% mark, despite market shifts. The following table summarizes the agent commission split trends and key retention figures from recent quarters in 2025:

Metric	Q1 2025	Q2 2025	Q3 2025
Agent Commission Split	80.4%	80.9%	80.7%
Agent Retention (Top Half)	Not specified	Approximately 95%	Nearly 95%

Relocation services, managed through corporate contracts, are a recognized component of the integrated services offering, with the Cartus brand noted for its role in corporate relocation as of late 2025.

• Dedicated franchise business consultants support network growth.
• Luxury segment volume grew 12% year-over-year in Q3 2025.
• 625 productive agents were recruited in Q2 2025.
• Agent commission splits were 80.7% in Q3 2025.

Anywhere Real Estate Inc. (HOUS) - Canvas Business Model: Channels

You're looking at how Anywhere Real Estate Inc. gets its services in front of customers, which is a massive, multi-pronged effort across franchising, direct ownership, and integrated services. This structure is key to their scale.

Global network of franchised brokerage offices

The franchise network forms the backbone of Anywhere Real Estate Inc.'s global reach. This channel operates under well-recognized brands like CENTURY 21®, Better Homes and Gardens Real Estate®, and ERA®. As of late 2025, this network included approximately 301,000 affiliated agents globally, a slight increase from the more than 300,000 agents reported earlier in the year. As of December 31, 2024, the company reported approximately 17,800 offices across 119 countries. The Franchise Group, which collects royalty revenue from these offices, generated $273 million in revenue for the third quarter of 2025, marking a 2% year-over-year increase.

Company-owned brokerage offices (Anywhere Advisors segment)

The Anywhere Advisors segment represents the company's direct-to-consumer channel through wholly owned and operated brokerages. This segment includes nearly 600 owned and operated brokerage offices, primarily in the top 100 U.S. metropolitan areas. These offices are staffed by approximately 53,000 independent sales agents. As of December 31, 2024, the U.S. company-owned brokerage independent sales agents totaled approximately 52,900. For the third quarter of 2025, the Owned Brokerage Group, the largest segment, saw revenue rise by 7% to $1.34 billion, driven by higher transaction volume.

Digital platforms and websites for lead generation (e.g., brand sites, Realtor.com)

Digital presence is managed through various brand sites and dedicated organizations like Leads Group. Leads Group is tasked with optimizing lead generation marketing, technology, and outcomes across the entire family of brands. While specific revenue attributed solely to digital lead generation is typically bundled, the overall performance of the digital-facing agent base is evident in the transaction volume growth. The company's overall combined closed transaction volume increased by 7% year-over-year in Q3 2025.

Corporate relocation services channel for B2B clients

Corporate relocation services are delivered primarily through the Cartus brand, serving B2B clients with employee mobility needs. This channel is part of Anywhere Integrated Services (AIS). AIS operates more than 40 title and escrow companies in 43 states and D.C., providing closing services in all 50 states. Anywhere Integrated Services generated $103 million in revenue in Q3 2025, a 7% growth rate. AIS supports the closing of more than 120,000 title transactions annually.

Affiliated agents who are the defintely primary customer interface

The affiliated agents are the most direct interface with the consumer for buying and selling properties. Anywhere fuels the productivity of its vast network, which includes approximately 179,200 independent sales agents operating in the U.S. as of the end of 2024. The competitive environment for recruiting is highlighted by agent commission splits, which increased to 80.4% in Q1 2025, marking the twelfth consecutive quarter around that level. In Q2 2025, the agent commission splits were reported at 80.9%.

Here's a quick look at the scale of the primary distribution channels as of late 2025 data:

Channel Metric	Franchise Network (Brands)	Company-Owned (Advisors)	Integrated Services (AIS/Relo)
Office Count (Approximate)	18,000 (Global, as of late 2024)	Nearly 600 (U.S. Owned)	N/A (Focus on transaction support)
Affiliated Agent Count (Approximate)	Approx. 247,100 (Global less 53k owned)	Approx. 53,000 (U.S. Owned)	N/A (Agent count is for brokerage)
Q3 2025 Revenue (Millions USD)	$273	$1,340	$103
Q3 2025 Revenue Growth (YoY)	2%	7%	7%

The company is definitely focused on driving volume through its affiliated agents, as seen by the 7% increase in combined closed transaction volume in Q3 2025.

Anywhere Real Estate Inc. (HOUS) - Canvas Business Model: Customer Segments

You're looking at the core groups Anywhere Real Estate Inc. (HOUS) serves as of late 2025, based on their Q3 2025 performance. This company segments its market quite clearly across direct consumer services and business partnerships.

Residential home buyers and sellers (mass market) represent the largest volume driver, primarily through the Anywhere Brands and Anywhere Advisors segments. The combined closed transaction volume for Q3 2025 increased by 7% year-over-year, showing resilience even with market volatility. The total company revenue for Q3 2025 hit $1.6 billion.

For High-net-worth individuals in the luxury real estate segment, the performance is outpacing the general market. Brands like Coldwell Banker Global Luxury, Corcoran, and Sotheby's International Realty saw their closed transaction volume jump by 12% year-over-year in the third quarter of 2025. To give you a concrete example from the prior quarter (Q2 2025), they closed 369 homes priced at $10 million or higher, which was a 20% increase from Q2 2024.

The B2B relationship with Independent real estate franchisees is critical, managed largely through the Franchise Group. This group generated revenue of $273 million in Q3 2025, marking a 2% increase driven by higher royalty revenue. Management continues to expand this network; in Q3 2025 alone, they welcomed 13 new US franchisees and one new international expansion.

The segment of Affiliated and owned real estate agents is the engine of the entire operation. As of September 30, 2025, the global affiliated agent count stood at 301,000. This network is supported by the Owned Brokerage Group, which is the largest segment, posting revenue of $1.34 billion in Q3 2025. Agent commission splits averaged 80.4% in Q1 2025, indicating a competitive environment for talent.

Finally, Corporate clients requiring employee relocation services are served through the Anywhere Integrated Services segment, which includes the Cartus brand. While the Title Group posted revenue of $103 million in Q3 2025, the search results flag the continued reduction in spending on relocation services as a specific risk factor for this segment.

Here's a quick look at the scale of the agent and franchisee networks as of the latest reports:

Customer Segment Type	Metric	Latest Reported Number (2025)
Affiliated & Owned Agents	Global Affiliated Agent Count (Q3 2025)	301,000
Independent Franchisees (B2B)	New US Franchisees Added (Q3 2025)	13
Independent Franchisees (B2B)	New International Expansions (Q3 2025)	1
Luxury Segment	Homes Sold $10M+ (Q2 2025)	369

You can see the reliance on the agent network is clear, but the luxury tier is showing stronger growth momentum than the mass market overall. The company is defintely managing a complex mix of direct sales and franchise relationships.

• Residential volume growth: 7% in Q3 2025.
• Luxury volume growth: 12% in Q3 2025.
• Franchise Group Revenue: $273 million in Q3 2025.
• Total Corporate Debt (net of cash): $2.5 billion as of September 30, 2025.

Finance: draft 13-week cash view by Friday.

Anywhere Real Estate Inc. (HOUS) - Canvas Business Model: Cost Structure

You're looking at the cost side of Anywhere Real Estate Inc.'s business as of late 2025. This structure is heavily weighted toward variable costs tied directly to transaction volume, but the company is aggressively managing fixed overhead through targeted savings programs.

Agent commission and compensation expenses (the largest cost) remain the dominant outflow. This is the cost of paying the agents who close the deals. For the full year 2024, the Commission and other agent-related costs totaled $3,718 million. The commission split rate itself is a key metric; for the first quarter of 2025, agent commission splits stood at 80.4%, which is consistent with the 80.3% seen for the full year 2024. This cost scales directly with Gross Commission Income generated from transactions.

The company is actively working to lower its fixed base. Anywhere Real Estate Inc. is on track to deliver a full-year cost savings target of $100 million in 2025. In the third quarter of 2025 alone, they realized $28 million in cost savings, plus an additional $6 million from temporary cost controls implemented that quarter. This builds on the 2024 achievement where they realized nearly $125 million in savings.

Here's a quick look at some of the major expense categories based on the latest available full-year and quarterly data:

Cost Component	Latest Reported Amount (USD Millions)	Period/Context
Agent Commission & Related Costs	$3,718	Full Year 2024
Total Operating, Marketing, & G&A Expenses	$1,710	Full Year 2024
Targeted Cost Savings for 2025	$100 million	Full Year 2025 Projection
Realized Cost Savings (YTD Q3 2025)	$28 million	Q3 2025
Net Interest Expense	$153 million	Full Year 2024

Operating expenses for the owned brokerage segment (Anywhere Advisors) are a significant component of overhead, separate from agent commissions. For the first quarter of 2025, the Operating expense line item was $277 million. Full-year 2024 Operating expenses were $1,125 million. These costs cover salaries, benefits, and physical/digital infrastructure for the company-owned offices.

Technology development and AI transformation investments are being funded, in part, by the ongoing cost reduction program. While the full investment spend isn't isolated as a single line item in the same way as commission, management noted that the 2025 cost savings target of $100 million is expected to be offset in part by these strategic investments aimed at advancing their technology strategy, including generative AI deployment.

Regarding financing costs, the structure relies on debt. As of September 30, 2025, Anywhere Real Estate Inc.'s Total corporate debt, net of cash and cash equivalents, totaled $2.5 billion. The cost of servicing this debt is reflected in the interest expense. For the full year 2024, the Net Interest Expense was $153 million. You should note that the company is actively managing this, having bought back $22 million of exchangeable notes and paid down the revolver by almost $200 million in Q3 2025.

General and administrative costs are being actively managed downward. The company is on track to achieve its goal of $100 million in savings for 2025. The full-year 2024 G&A expense was $392 million. The Q3 2025 realized savings of $28 million, plus the $6 million in temporary controls, show tangible progress toward that 2025 goal. Here are some details on the G&A reduction progress:

• Targeted full-year 2025 G&A reduction: $100 million.
• Realized G&A savings in Q3 2025: $28 million.
• Additional temporary cost controls in Q3 2025: $6 million.
• G&A expense in Full Year 2024: $392 million.

Finance: draft 13-week cash view by Friday.

Anywhere Real Estate Inc. (HOUS) - Canvas Business Model: Revenue Streams

You're looking at the core drivers of top-line performance for Anywhere Real Estate Inc. as of late 2025. The business model relies on a diversified set of income sources, balancing high-margin recurring fees with transaction-based commissions.

For the third quarter of 2025, Anywhere Real Estate Inc. generated total revenue of $1.6 billion, which represented a 6% increase year-over-year. This top-line growth was supported by a 7% increase in combined closed transaction volume, which outperformed the market growth reported by the National Association of Realtors by over 2 percentage points.

The revenue streams are clearly segmented across the company's primary operating groups. Here is a breakdown of the Q3 2025 segment revenue performance, which directly maps to your required revenue stream categories:

Revenue Stream Category	Corresponding Segment	Q3 2025 Revenue Amount	Year-over-Year Growth
Franchise royalty and fee revenue	Anywhere Brands	$273 million	2%
Brokerage commission revenue from owned operations	Owned Brokerage Group (Anywhere Advisors)	$1.34 billion	7%
Fees from integrated services (title, settlement, and mortgage JVs)	Title Group	$103 million	7%

The Franchise royalty and fee revenue, housed within the Anywhere Brands segment, is the clear margin leader. This stream provides high-margin, recurring revenue, which is crucial for stability. For Q3 2025, the Franchise Group showed an Operating EBITDA margin of 57%. This margin includes roughly $90 million in intercompany fees charged to the Advisors business for lead generation and other services.

The Brokerage commission revenue from owned operations, primarily from the Anywhere Advisors segment, forms the largest part of the total revenue base. This revenue is directly tied to transaction volume and price appreciation. The luxury segment, a key driver within this area, saw its transaction volume increase by 12% year-over-year, with sales of homes priced at $10 million or higher rising by 30%.

For integrated services, the Title Group revenue grew by 7% in Q3 2025. This group supports the transaction process through title and escrow services, including their mortgage joint venture. To give you a sense of the unit economics there, the company noted they generate approximately $3,500 per unit in title revenue.

The Relocation service fees from corporate clients are bundled within the Anywhere Brands segment, which also includes leads and franchise operations. This part of the business experienced negative currency effects in the quarter, but the overall segment still delivered strong results.

Here are some key performance indicators related to these revenue streams:

• Combined closed transaction volume increased by 7% year-over-year in Q3 2025.
• The luxury segment captured 22% of the market for homes valued at $5 million or more.
• The company welcomed 13 new U.S. franchisees in the quarter.
• The Franchise Group Operating EBITDA was $155 million, up $4 million versus the prior year.

The company is focused on maintaining the consistency of these diversified streams, especially the high-margin franchise royalties, even while navigating the pending merger with Compass. Finance: draft 13-week cash view by Friday.