Marcus & Millichap, Inc. (MMI) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:02.900 As a reminder, this call is being recorded. 00:00:02.900 -- 00:00:07.780 I would now like to turn the conference over to your host, Jacques Cornet. 00:00:07.780 -- 00:00:10.660 Thank you, you may begin. 00:00:10.660 -- 00:00:15.660 Thank you, operator. Good morning, and welcome to Marcus and Millichap's second quarter 00:00:15.660 -- 00:00:21.100 2025 earnings conference call. With us today are President 00:00:21.100 -- 00:00:26.140 and Chief Executive Officer Hisam Najee and Chief Financial Officer Steve 00:00:26.140 -- 00:00:31.340 DiGenerro. Before I turn the call over to management, please remember that our prepared 00:00:31.340 -- 00:00:36.360 remarks and the responses to questions may contain forward-looking statements. 00:00:36.360 -- 00:00:41.920 Words such as may, will, expect, believe, 00:00:41.920 -- 00:00:47.100 estimate, anticipate, goal, and variations of these words and similar 00:00:47.100 -- 00:00:52.200 expressions are intended to identify forward-looking statements. 00:00:52.200 -- 00:00:56.920 Actual results can differ materially from those implied by such forward-looking statements 00:00:56.920 -- 00:01:00.180 due to a variety of factors, 00:01:00.180 -- 00:01:05.500 including but not limited to general economic conditions and commercial real 00:01:05.500 -- 00:01:10.500 estate market conditions. The company's ability to retain and attract transactional 00:01:10.500 -- 00:01:11.940 professionals, 00:01:11.940 -- 00:01:17.220 company's ability to retain its business philosophy and partnership culture amid 00:01:17.220 -- 00:01:22.520 competitive pressures, company's ability to integrate new agents and sustain 00:01:22.520 -- 00:01:28.000 its growth, and other factors discussed in the company's public filings, 00...