Marcus & Millichap, Inc. (MMI) Q1 2025 Earnings Call

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WEBVTT 00:00:00.051 -- 00:00:05.652 Greetings and welcome to Marcus and Millichap's first quarter 2025 earnings 00:00:05.652 -- 00:00:09.053 conference call. As a reminder, this call is being recorded. 00:00:09.053 -- 00:00:14.014 I would now like to turn the conference over to your host, Yag Khorne. 00:00:14.014 -- 00:00:16.794 Thank you. You may begin. 00:00:18.815 -- 00:00:23.026 Thank you, operator. Good morning and welcome to Marcus and Millichap's first quarter 00:00:23.026 -- 00:00:26.037 2025 earnings conference call. 00:00:26.902 -- 00:00:32.245 With us today are President and Chief Executive Officer, Hissam Nagy, and Chief Financial 00:00:32.245 -- 00:00:34.707 Officer, Steve DiGennaro. 00:00:34.707 -- 00:00:39.109 Before I turn the call over to management, please remember that our prepared remarks 00:00:39.109 -- 00:00:43.892 and the responses to questions may contain forward-looking statements. 00:00:43.892 -- 00:00:49.555 Words such as may, will, expect, believe, estimate, 00:00:49.555 -- 00:00:54.715 anticipate, goal, and variations of these words and similar expressions 00:00:54.715 -- 00:00:58.096 are intended to identify forward-looking statements. 00:00:58.096 -- 00:01:03.258 Actual results can differ materially from those implied by such forward-looking statements 00:01:03.258 -- 00:01:08.440 due to a variety of factors, including but not limited to general 00:01:08.440 -- 00:01:13.503 economic conditions and commercial real estate market conditions, the company's ability 00:01:13.503 -- 00:01:18.585 to retain and attract transactional professionals, the company's ability to retain 00:01:18.585 -- 00:01:23.295 its business philosophy and partnership culture amid competitive pressures, the company's 00:01:23.295 -- 00:01:28.300 ability to integrate ...