Risk factors
Marcus & Millichap (MMI) risk factors
Item 1A of every Marcus & Millichap, Inc. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.
- FY2025 10-K risk factors47 risks2 new3 dropped14 reworded
Interest rate fluctuations heavily impact commercial real estate transaction volumes and company revenues.
Filed Feb 26, 2026 - FY2024 10-K risk factors48 risks
Commercial real estate transaction volumes are exposed to macroeconomic volatility, interest rate shifts, and hybrid work trends. Brokerage revenue relies heavily on discretionary fees, seasonal trends, and key producer retention. Extensive reliance on independent contractors and geographic exposure, particularly in California, heighten operating risks.
Filed Feb 27, 2025