What was the gross commission income for Better Homes And Gardens Real Estate in 2022?
Better_Homes_And_Gardens_Real_Estate Franchise · 2025 FDDAnswer from 2025 FDD Document
As an owner-operator of real estate brokerages, the Company assists home buyers and sellers in listing, marketing, selling and finding homes. Real estate commissions earned by the Company's real estate brokerage business are recorded as revenue at a point in time which is upon the closing of a real estate transaction (i.e., purchase or sale of a home). These revenues are referred to as gross commission income. The commissions the Company pays to real estate agents are
recognized concurrently with associated revenues and presented as the "Commission and other agent-related costs" line item on the accompanying Consolidated Statements of Operations.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 75–76)
What This Means (2025 FDD)
Based on the 2025 Franchise Disclosure Document, it is not possible to determine the gross commission income specifically for Better Homes and Gardens Real Estate for 2022. The document refers to 'gross commission income' in the context of real estate commissions earned by the company's real estate brokerage business, which are recorded as revenue upon the closing of a real estate transaction.
However, the financial statements provided in the FDD are consolidated statements for Anywhere Real Estate Inc. and Anywhere Real Estate Group LLC, the parent companies. These consolidated statements do not provide a breakdown of revenue or gross commission income for individual brands like Better Homes and Gardens Real Estate. The FDD does mention that the Owned Brokerage Group paid royalties to the Franchise Group of $358 million in 2022, but this is different from gross commission income.
To obtain the specific gross commission income for Better Homes and Gardens Real Estate, a prospective franchisee should directly request this information from the franchisor. Understanding the brand's financial performance is crucial for evaluating the potential profitability and stability of a Better Homes and Gardens Real Estate franchise.