Marcus & Millichap, Inc. (NYSE:MMI) Q3 2024 Earnings Conference Call November 8, 2024 12:30 PM ET

Company Participants

Jacques Cornet – IR
Hessam Nadji – President and CEO
Steve DeGennaro – CFO

Conference Call Participants

Blaine Heck – Wells Fargo

Operator

Greetings. Welcome to Marcus & Millichap’s Third Quarter 2024 Financial Results Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce Jacques Cornet with ICR. Thank you. You may begin.

Jacques Cornet

Thank you, operator. Good morning, and welcome to Marcus & Millichap’s third quarter 2024 earnings conference call. With us today are: President and Chief Executive Officer, Hessam Nadji; and Chief Financial Officer, Steve DeGennaro.

Before I turn the call over to management, please remember that our prepared remarks and the responses to questions may contain forward-looking statements. Words such as may, will, expect, believe, estimate, anticipate, goal and variations of these words and similar expressions are intended to identify forward-looking statements.

Actual results can differ materially from those implied by such forward-looking statements due to a variety of factors, including, but not limited to, general economic conditions and commercial real estate market conditions, the company’s ability to retain and attract transaction professionals; the company’s ability to retain its business philosophy and partnership culture amid competitive pressures, the company’s ability to integrate new agents and sustain its growth and other factors discussed in the company’s public filings, including its annual report on Form 10-K filed with the Securities and Exchange Commission on February 28th, 2024.

Although the company believes the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can make no assurance that its expectations will be attained. The

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