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nywhere Real Estate CEO Ryan Schneider expressed skepticism about the impact of National Association of Realtors' (NAR) commission lawsuit settlement business practice changes, which went into effect nine months ago. Despite a slight decrease in average home sale commission rates - down 2 basis points to 2.41% at its franchise segment and 6 basis points to 2.35% at its owned brokerage segment - Anywhere's gross commission income rose to $976 million in Q1, up nearly $70 million from the previous year.

    The company's owned brokerage segment saw a 10% annual increase in gross commission income per side for agents, reaching $19,720, driven by a 13% year-over-year rise in average home sale prices to $799,750. Schneider noted that luxury deals experienced a larger decrease in commissions, but still within single-digit basis points.

    Schneider attributed the relatively small impact of the settlement changes to savvy buyers and sellers negotiating harder, particularly on high-end transactions. He expressed confidence in Anywhere's proactive approach to change, saying its agents and franchise have successfully navigated the shift and consistently demonstrated value to consumers.