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nywhere Real Estate's CEO Ryan Schneider recently reaffirmed the company's stance on Clear Cooperation, urging a middle ground in the ongoing debate. In a recent earnings call, Schneider emphasized that Anywhere is prepared to adapt should the policy be repealed, leveraging its market position and luxury brand strength.

    The company reported strong core earnings and luxury brand performance, with revenue reaching $1.4 billion for Q4 and $5.7 billion for 2024. Despite a net loss of $64 million in Q4 and $128 million for the year, Anywhere is focused on cost-cutting measures, aiming to achieve an additional $100 million in savings by 2025.

    Anywhere's brands and brokerages closed over 950,000 deals in 2024, with 700,589 transaction sides reported for its franchise business (Corcoran, Century 21, Sotheby's International Realty, Coldwell Banker, ERA, and Better Homes and Gardens) and 249,421 closed transactions for the company-owned brokerages.

    Schneider highlighted the company's "relax, not repeal" position on Clear Cooperation, suggesting that a total repeal could be detrimental to consumers. He also expressed concerns over private listing networks, stating that Anywhere is prepared to adapt but does not recommend this approach.

    Regarding buyer agreements, Schneider acknowledged that the company's strategy of offering multiple options may have been misguided, as more than 80% of buyers opt for six-month exclusive contracts. As a result, Anywhere plans to discontinue less popular agreement types.

    Key financial highlights include revenue growth of $112 million year-over-year in Q4 and $56 million year-over-year for the full year. Cash and cash equivalents increased to $118 million in Q4, with expected free cash flow similar to 2024 levels. Operating EBITDA rose by $24 million year-over-year in Q4 and $35 million year-over-year for the full year.