What was the gross commission income for Better Homes And Gardens Real Estate?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
| (In millions, except per share data) | |
|---|---|
| Revenues | |
| Gross commission income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | |
| Service revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 574 569 793 |
| Franchise fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 356 351 417 |
| Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 133 146 160 |
| Net revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5,692 5,636 6,908 |
| Expenses | |
| Commission and other agent-related costs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 3,718 3,664 4,415 |
Source: Item 23 — RECEIPTS (FDD pages 76–362)
What This Means (2025 FDD)
According to Better Homes And Gardens Real Estate's 2025 Franchise Disclosure Document, while specific figures for gross commission income are not provided, the document does include revenue figures for service revenue, franchise fees, and other revenue sources. For instance, service revenue was $574 million in 2024, $569 million in 2023, and $793 million in 2022. Franchise fees totaled $356 million in 2024, $351 million in 2023, and $417 million in 2022. Other revenues amounted to $133 million in 2024, $146 million in 2023, and $160 million in 2022. Net revenues were $5,692 million in 2024, $5,636 million in 2023, and $6,908 million in 2022. These figures are presented in millions of dollars.
Prospective franchisees should note that while gross commission income isn't explicitly stated, the FDD provides a detailed breakdown of various revenue streams and expenses. This information can be useful in understanding the overall financial performance of Better Homes And Gardens Real Estate. Expenses such as commission and other agent-related costs are also listed, offering further insight into the cost structure of the franchise. For example, commission and other agent-related costs were $3,718 million in 2024, $3,664 million in 2023, and $4,415 million in 2022.
Given the absence of a specific gross commission income figure, it is advisable for potential franchisees to directly inquire with Better Homes And Gardens Real Estate about this metric. Understanding the gross commission income, along with the provided revenue and expense data, will enable a more comprehensive financial assessment. This approach aligns with standard due diligence practices when evaluating franchise opportunities, ensuring that prospective franchisees have access to all relevant financial information for informed decision-making.