Marcus & Millichap, Inc. (MMI) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.715 Greetings and welcome to the Marcus and Millichap Second Quarter 2026 Earnings Conference 00:00:04.715 -- 00:00:08.378 Call. As a reminder, this call is being recorded. 00:00:08.378 -- 00:00:12.201 I would now like to turn the conference over to your host, Jacques Cornet. 00:00:12.201 -- 00:00:14.403 Thank you. You may begin. 00:00:14.403 -- 00:00:19.567 Thank you, Operator. Good morning, and welcome to Marcus and Millichap's Second Quarter 00:00:19.567 -- 00:00:21.489 2026 Earnings 00:00:21.489 -- 00:00:26.613 Conference Call. With us today are President and Chief Executive Officer, Hessam 00:00:26.613 -- 00:00:30.475 Nadji, and Chief Financial Officer, 00:00:31.137 -- 00:00:36.221 Before I turn the call over to management, please remember that our prepared remarks 00:00:36.221 -- 00:00:40.825 and the responses to questions may contain forward-looking statements. 00:00:40.825 -- 00:00:47.471 Words such as may, will, expect, believe, estimate, 00:00:47.471 -- 00:00:50.233 anticipate, goal, 00:00:50.233 -- 00:00:55.518 variations of these words and similar expressions are intended to identify forward-looking 00:00:55.518 -- 00:00:56.935 statements. 00:00:56.935 -- 00:01:01.898 Actro results can differ materially from those implied by such forward-looking statements 00:01:01.898 -- 00:01:07.361 due to a variety of factors, including but not limited to general 00:01:07.361 -- 00:01:12.624 economic conditions and commercial real estate market conditions, the company's 00:01:12.624 -- 00:01:17.007 ability to retain and attract transactional professionals, 00:01:17.007 -- 00:01:21.829 the company's ability to retain its business philosophy and partnership culture amid 00:01:21.829 -- 00:01:26.994 competitive pressures, The company's abil...